3/11/2009

Seven-star hotel in Istanbul from Palmali

Hurriyet – Following the management agreement it signed with Marriott International, Palmali Holding will open the first hotel of ‘Edition’ series in Istanbul across the globe. The Edition Hotel Istanbul will be built with a total investment cost of EUR 100 million. Palmali Holding, ranking amongst the largest five shipping companies of the world, will construct the 80-room hotel in the former building of HSBC general directorate, which it acquired from the Saving Deposit Insurance Fund (TMSF).