Plans for a luxury hotel in Herzliya partially owned by American actor and film producer Leonardo DiCaprio moved forward this week when the Tel Aviv District Planning and Building Committee gave its approval for construction.

DiCaprio would have a 10 percent stake in the 14-floor hotel at the Herzliya Marina, the financial news daily Globes reported. The remainder is owned by the real estate giant Hagag Group and the brothers Ahikam and Lior Cohen.

The 51,000-square-meter project will comprise 365 rooms across two buildings. Luxury amenities will include a large swimming pool, a conference center, commercial spaces and restaurants, and a yacht marina accessible directly through the hotel. The plan also includes 8,000 square meters of underground space for parking and other operations.

The hotel will be designed for sustainability, meeting US Green Building Council standards for........

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