The Rezidor Hotel Group has signed the Park Inn by Radisson Asia Istanbul Kavacik in Turkey, scheduled to open in Q2 2017.
The hotel will increase Rezidor's portfolio in Turkey to 24 hotels in operation and under development, and mark the signing of the group's fifth Park Inn by Radisson hotel in Istanbul.
The Rezidor Hotel Group executive vice president and chief development officer Elie Younes said in a statement: "Radisson Blu remains the largest upper upscale brand in Istanbul, and we aim to build on this momentum to grow in the mid-market segment through Park Inn by Radisson."
Located on the Asian side of Istanbul, Park Inn by Radisson Asia Istanbul Kavacik is situated in the outskirts of Beykoz district, towards the northern end of the Bosphorus. The hotel is close to the Trans European Motorway (TEM), the highway that connects Europe to Asia, and is 35 km from Ataturk International Airport and 25 km from Sabiha Gökçen International Airport.
The hotel will have 110 rooms and suites, an international all-day dining restaurant and a bar. The meeting and events space includes a ballroom. The leisure facilities include a gym and a spa with hamam and treatment rooms.
"We are very pleased to enter into partnership with The Rezidor Hotel Group, one of the largest international hotel operators in Istanbul. We believe the Park Inn by Radisson brand will appeal to the domestic and international corporate market. The hotel is destined to benefit from its enviable location close to Istanbul International Financial Centre (IIFC), which is set to become one of the world's top financial centres," added Ahmet Keceli, chairman of Pusula Ticari Yatirim ve Otelcilik.