Alrov Properties & Lodgings Ltd. is a real estate company, which engages in the investment, development, and operation of luxury projects. It operates through the following segments: Real Estate for Investment, Hotel Industry in Israel, Field of Hotels Abroad, and Area of Investments in Tradable Securities. The Real Estate for Investment segment focuses on the long-term investments in real estate in Israel and abroad. The Hotel Industry in Israel segment refers to the operation of hotels in Israel. The Field of Hotels Abroad segment consists of the initiation, construction, and operation of hotels, and purchase and conversion of existing properties into hotels abroad. The Area of Investments in Tradable Securities segment includes the investment in Clal Insurance shares. The company was founded by Alfred Akirov in 1978 and is headquartered in Tel Aviv, Israel.