{"id":835,"date":"2009-09-03T16:07:51","date_gmt":"2009-09-03T13:07:51","guid":{"rendered":"http:\/\/www.turizmtatilseyahat.com\/en\/?p=835"},"modified":"2024-03-07T15:09:54","modified_gmt":"2024-03-07T15:09:54","slug":"new-hotel-investments-replace-shopping-mall-projects-in-turkey","status":"publish","type":"post","link":"https:\/\/www.turizmtatilseyahat.com\/en\/new-hotel-investments-replace-shopping-mall-projects-in-turkey\/","title":{"rendered":"New hotel investments replace shopping mall projects in Turkey"},"content":{"rendered":"

\"New<\/a>Turkey’s real estate market is directing its focus from shopping mall projects toward new hotel chains, with more entrepreneurs investing in this field.<\/strong><\/p>\n

Speaking to the Anatolia news agency on Tuesday, I\u015f\u0131l Din\u00e7er, the general manager of TSKB Gayrimenkul De\u011ferleme, a Turkish real estate rating firm, said they have been conducting market research on investors’ tendencies in the Turkish real estate sector for the past month and have seen that more and more investors are switching their interest to building new hotels.<\/p>\n

Din\u00e7er said such interest in hotel investment is more apparent on the Anatolian side of \u0130stanbul, adding that both foreign and local investors are active to this end. Some major hotel chains are looking to open hotels in Turkey, and this has led to a noticeable recuperation in the domestic market. Currently, land close to Sabiha G\u00f6k\u00e7en International Airport is attracting investors on the Anatolian side. Such famous hotel chains as Marriott, Hilton, Divan and Titanic have already invested in the region, having seen the increasing potential. Din\u00e7er explained that with an additional terminal, the airport’s passenger capacity will more than double by the beginning of 2010. The district of Kozyata\u011f\u0131 is another location that is in the spotlight for hotel investments on the Asian side, she added. She noted that new hotels on \u0130stanbul’s European side are being built around a \u201ccongress valley\u201d in \u0130stanbul’s Harbiye district, a project which is still under way and due to be finished before the end of the year.<\/p>\n

The head of the International Association of Travel and Tourism Professionals Skal International, H\u00fclya Aslanta\u015f, said Turkey is attracting the attention of international hotel chains because the country receives more tourists with every passing year. She said many hotel managers are following the Turkish market closely and that Turkey should take advantage of this fact and attract as much investment as it can.<\/p>\n

Michael Collini, Hilton vice president for development in northern Europe, has said Turkey has great potential for new hotel investments, particularly in economy and mid-range hotels. Currently there is increasing activity in hotel investments in the Turkish market, he said, adding that the country needs more foreign investments to diversify and increase the quality of its hotel market. Collini said the Hilton group expects to open 13 new hotels in Turkey before the end of 2010. The new Hilton hotels will be built in the provinces of Diyarbak\u0131r, K\u00fctahya, Manisa, Bursa, \u015eanl\u0131urfa, Mersin, \u00c7orlu and \u00c7orum.<\/p>\n

Meanwhile, Turkey’s Afken Group has recently announced a new project to open 60 new hotels in Turkey before 2019. Having signed a strategic partnership with Accor, the third-largest hotel group in the world, in 2005, Afken plans to finish seven of the hotels, located in \u0130zmit, Bursa, \u0130stanbul, Kayseri and Gaziantep before the end of 2010. Accor will have the right to operate the hotels built by Afken for some 20 years following the completion of the project.<\/p>\n

Tar\u0131k Nasser, chief advisor of Marriot Turkey, said new hotel investments in Turkey were generally undertaken by local contractor firms and their company generally prefers to operate existing hotels. \u201cWe are currently seeking new investment opportunities in \u0130stanbul, Bursa and some other provinces.\u201d<\/p>\n

The number of new shopping malls has skyrocketed in \u0130stanbul in past few years, and Sunrise Queen Hotels Vice Chairman Sadettin Ulubay said the city faces \u201cshopping mall saturation\u201d for the time being. \u201cShopping mall investment has lost its popularity in \u0130stanbul. From now on, people are focusing on hotel projects, and we will do the same.\u201d<\/p>\n\n","protected":false},"excerpt":{"rendered":"

Turkey’s real estate market is directing its focus from shopping mall projects toward new hotel chains, with more entrepreneurs investing in this field.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[7867,137,3],"tags":[7875,7882,7883],"class_list":["post-835","post","type-post","status-publish","format-standard","hentry","category-turkey","category-sectoral","category-shopping","tag-istanbul","tag-istanbul-airport","tag-turkey"],"_links":{"self":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/comments?post=835"}],"version-history":[{"count":1,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/835\/revisions"}],"predecessor-version":[{"id":8536,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/835\/revisions\/8536"}],"wp:attachment":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/media?parent=835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/categories?post=835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/tags?post=835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}