Marriott to expand its Turkey portfolio with 10 additional properties

By Akshay Kedari  | Date: 2021-08-23

Marriott to expand its Turkey portfolio with 10 additional properties

World’s largest hotel chain Marriott International Inc. is reportedly planning to proliferate its portfolio in Turkey by opening additional 10 properties by 2022-end, encompassing 43 properties with over 7,000 keys.

To strengthen its presence in the Turkish market, the company has announced two latest; the Four Points by Sheraton Elazig which is poised for a 2022 opening, and the Four Points by Sheraton Kagithane by 2021.

Marriott is also planning to open the Residence Inn for long stays in 2021, which is likely to feature fully equipped suites with separate living and sleeping areas along with a kitchen.

On the luxury end, the novel Autograph Collection Hotels in 2022 will include Orient-Occident Hotel and The Burdock, acting as a luxurious conversion of an existing independent hotel.

Marriott International presently has 3 branded residential hotels in Turkey, inclusive of the recently opened The Ritz-Carlton Residences in Bodrum, which is the company’s first-ever branded residences in Europe, the Middle East, and Africa.

Moreover, Delta Hotels by Marriott will open Istanbul Levent by 2021. The company is anticipated to open The Ritz-Carlton Residences in Istanbul and an additional property in 2022.

Begum Kaya, the Director of Development at Marriott International, Turkey believes that the company’s world-class distribution platform, captivating portfolio of brands, and Marriott Bonvoy, the all-encompassing travel program, has allowed the hotel giant to expand its reach in Turkey.

The company had signed six conversion deals in the past two years across the country, in which 5 of them are presently operating, amidst the surging interest in modernizing existing buildings into hotel accommodations.

Marriott has also signed four more adaptive re-use conversions in Turkey, inclusive of The Burdock, Autograph Collection.

Source Credits –

https://www.businesstraveller.com/business-travel/2021/08/22/marriott-to-open-10-properties-in-turkey-by-the-end-of-2022/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Google Fi confirms data breach, leaking millions of customer’s data

Google Fi confirms data breach, leaking millions of customer’s data

By Akshay Kedari

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information. The p...

European semiconductor giant ASML forecasts a sales surge for 2023

European semiconductor giant ASML forecasts a sales surge for 2023

By Akshay Kedari

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sales  f...

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...