Qatari hotel chain expands presence in Turkey

Milliyet – Qatar’s Retaj Hotel & Hospitality group is expanding its presence in Turkey with a new hotel investment in the Yalova province of Marmara Region.

Built with a TRY 35 million investment in partnership with Turkish Hisar Karadag Group, the Retaj Thermal Hotel&Spa will attract guests to hot springs of Yalova, famous for their healing powers.

Already operating one hotel in Istanbul, the Qatari group plans to invest USD 700 million in Turkey over the next 2 years, according to Mohammed Bin Johar Al Mohammed, Chairman of Retaj. “New hotel investments in Istanbul, Bursa, Trabzon and Ankara are in planning”, he said.

Turkey; tourism industry; retaj turkey; retaj yalova; qatari investments turkey; gulf investments turkey