In 2017, warning notes were filed in favor of approx. 50 Israeli buyers who were in the process of purchasing apartments. However, the delivery of the apartments did not take place. In the meantime, Excelion is attempting to sell the
In 2016, Motti Gruzman bought Höllern hotel via his company TCI, mainly financed by a mortgage from Volksbank Salzburg. In February-March 2017, he raised additional funds in Israel from lenders and apartments buyers, promising apartments delivery by the end of
In 2017, warning notes were filed in favor of approx. 50 Israeli buyers who were in the process of purchasing apartments. However, the delivery of the apartments did not take place. In the meantime, Excelion is attempting to sell the
In 2016, Motti Gruzman bought Höllern hotel via his company TCI, mainly financed by a mortgage from Volksbank Salzburg. In February-March 2017, he raised additional funds in Israel from lenders and apartments buyers, promising apartments delivery by the end of