text: Roman Abramovich has bought Tel Aviv’s Varsano Hotel for 100million Israeli shekels (£17.1m). The Chelsea owner, who frequently visits Tel Aviv on business, is expected to convert the 19th century building into his Israeli home. Covering 1,500 square metres, the hotel complex is listed as a preserved building. It consists of a main building with a large lobby, dining room and two studio suites, and six more bedrooms in three separate villas surrounded by gardens. Roman Abramovich has bought Tel Aviv’s Varsano Hotel for £17.1million as he splashes out on the property . The Chelsea owner frequently visits Tel Aviv on business and has splashed out on the luxury £17.1m property . The hotel complex, which Abramovich bought, is listed as a preserved building covering 1,500 square meters . Chelsea owner Abramovich is buying the Varsano Hotel from local businessmen Guy and Yaron Varsano . Abramovich finally got his wish after  trying to buy a home in the Neve Tzedek quarter of Tel Aviv since 2008 . The purchase includes an adjacent car park, which is already zoned for and has approval for additional building, and will enable Abramovich to expand the premises. Abramovich is buying the Varsano Hotel from local businessmen Guy and Yaron Varsano - the latter is married to Israeli and Hollywood actress Gal Gadot (SuperWoman). Abramovich has been trying to buy a home in the fashionable Neve Tzedek quarter of Tel Aviv since 2008 when he had a $30m (£20.5m) bid for Chelouche House, formerly the neighbourhood school, turned down. Neve Tzedek was built in the late 19th century north of Jaffa, and links the ancient port to Tel Aviv’s financial district, which was built in 1906. Chelsea's billionaire owner Abramovich (right) pictured with his partner Dasha Zhukova previously . Russian billionaire and owner of Chelsea Abramovich pictured with his girlfriend Zhukova in May 2013 . Abramovich owns five luxury homes and a mega-yacht as he continues to grow his impressive empire . Until the 1980s the area was full of slum properties but in recent decades gentrification, together with the Israeli high-tech start-up boom, have seen Neve Tzedek become one of Israel’s most expensive quarters. Businessman Eyal Kamir and real estate agent Oren Katz are understood to have brokered the deal, and Tel Aviv law firm Yigal Arnon & Co acted on behalf of Abramovich. Journalists who phoned the Varsano Hotel were told that it is not taking any more bookings. Abramovich and his wife Dasha Zhukova, who are both Jewish, are frequent visitors to Israel. Only last year, Abramovich made headlines by booking all 111 rooms in an Israeli hotel in the Negev desert to entertain his guests during the Passover holiday, and over the past year he has invested in four Israeli companies. Now Abramovich can host guests in his own hotel. What does the man who has everything get himself? Roman Abramovich is worth more than $9billion (£6.1bn) but the Russian tycoon is seemingly trying his best to get rid of it... Abramovich lives the luxury lifestyle, with a football club, mega-yachts and five mansions among his prized assets. Here, Sportsmail run through some of the billionaire's best toys. Chelsea Football Club . Abramovich paid £140m for Chelsea 12 years ago, and since then they have won 12 major honours including three Barclays Premier League titles and the Champions League in 2012. During his time at Stamford Bridge, Abramovich has spent north of £840m on player transfers. His contribution has not gone unnoticed, and manager Jose Mourinho even thinks he has helped the sport: 'He has been good for Chelsea, good for English football, good for European football.' Chelsea's 1-0 win against Queens Park Rangers last week was Abramovich's 700th game. Chelsea owner Abramovich is a regular at Stamford Bridge to see his team play in the Premier League . Abramovich is worth more than $9billion (£6.1bn) and has splashed out on a new luxury Israeli home . A £1.5BILLION mega-yacht... twice the length of a football pitch! Bigger is most definitely always better - when it comes to mega-yachts, that is. Abramovich's 557ft luxury yacht features a mini-submarine, two swimming pools, 30 cabins, two helicopter pads, a missile defence system, a cinema - and it is the second-largest in the world. The boat named Eclipse was recently docked in Germany to undergo renovations in February. Pictured at Hamburg's Blohm Voss shipbuilders where it was originally built in 2010 and 2011, the ship was placed into a dry dock for work, though it's difficult to imagine what it is lacking! Abramovich's boat named Eclipse was recently docked in Germany to undergo renovations in February . Abramovich's 557ft luxury yacht features a mini-submarine, two swimming pools, 30 cabins and a cinema . Abramovich's yacht was at Hamburg's Blohm Voss shipbuilders where it was once built in 2010 and 2011 . Not one, not two, but five luxury homes! Abramovich owns five mansions. One each in Kensington, St. Barts, Colorado, Moscow or Israel, so he is always just a private jet ride away from a luxury weekend somewhere new. And not only that, each home is as luxurious as the last. Take his home in Kensington Palace Garden in West London, for example. This property was bought in 2011, and is understood to be worth more than £90m. He turned his attention to adding to it immediately after, requesting permission to transform the property and extend its garden. It was reported he wanted to create two new underground storeys -  which would have been used so he and partner Dasha Zhukova could store part of their fabulous art collection there. It has been labelled as among the most expensive residences on Britain's most expensive street, and is everything an eccentric billionaire needs. Chelsea owner Abramovich owns five mansions in Kensington, St. Barts, Colorado, Moscow or Israel .
target: Chelsea owner Roman Abramovich has bought a new £17.1m property .
  He has bought Tel Aviv’s Varsano Hotel to convert into his Israeli home .
  The hotel is listed as a preserved building and covers 1,500 square metres .