Indian Oberoi Group to invest in Istanbul


Haber Turk - The Oberoi Group of India is the latest addition to the international hotel chains planning to invest in Istanbul. During Turkish President Abdullah Gul’s visit to India along with a delegation of businessmen from the Foreign Economic Relations Board (DEIK) last week, tourism was top of the list in a series of cooperation deals that were signed between the two countries. 


Oberoi Hotels, with an annual turnover of USD 230 million, currently operates 28 five-star hotels in five countries. The group has announced that it is planning to build a hotel in Istanbul and that it is looking for a suitable plot on the banks of the Bosphorus, famous for its scenic beauty.