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COOPERATION AGREEMENT SIGNED FOR SEVEN-STAR HOTEL IN ISTANBUL
ISTANBUL - A Turkish business conglomerate and an international hotel chain signed a cooperation agreement on Saturday to build a seven-star hotel in Istanbul.
10.04.2010 - Update : 10.04.2010
Tanriverdi Holding and Shangri-La Asia Ltd. signed the agreement in a ceremony, attended by Turkish State Minister for foreign trade Zafer Caglayan at the Dolmabahce Palace.
Caglayan expressed hope that the agreement would lead the way for the Shangri-La Asia to make more investments in Turkey.
The new seven-star Shangri-La Istanbul will be built on the spot of an old tobacco warehouse overlooking the Bosphorus in the Besiktas district.
The 14-storey hotel, with seven of them below sea level, is planned to be opened in April 2012. The hotel is estimated to cost $250 million.
Shangri-La Asia Ltd. runs 68 hotels worldwide and Shangri-La Istanbul is among the four hotels to be built in Europe besides Paris, Vienna and London.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.
Caglayan expressed hope that the agreement would lead the way for the Shangri-La Asia to make more investments in Turkey.
The new seven-star Shangri-La Istanbul will be built on the spot of an old tobacco warehouse overlooking the Bosphorus in the Besiktas district.
The 14-storey hotel, with seven of them below sea level, is planned to be opened in April 2012. The hotel is estimated to cost $250 million.
Shangri-La Asia Ltd. runs 68 hotels worldwide and Shangri-La Istanbul is among the four hotels to be built in Europe besides Paris, Vienna and London.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.
