On the night of 4 March 1975 at 11:00 PM, eight Palestinians in two teams landed by boat on the Tel Aviv beach.
Shooting and throwing grenades, they captured the Savoy Hotel near the center of the city. The guests were taken hostage. The Palestinians threatened that if the Israelis did not release 20 Palestinian prisoners within four hours the hostages would be killed.
Early the next morning the Israeli counter-terrorist unit Sayeret Matkal stormed the hotel, killing seven of the perpetrators and capturing one. Five hostages were freed and eight were killed. Three soldiers, including the former Sayeret Matkal commander Uzi Yairi, were also killed. A few hours later the ship that transported the militants was captured and its crew were taken prisoner.