Turkey
Akfen GYO is a pioneer in the Real Estate Investment Trust sector, specializing in the "City Hotels" concept. Established in 1997, the company is headquartered in Turkey and operates within the Hospitality, Prop Tech, and Real Estate industries.
In 2005, Akfen forged a strategic partnership with Accor, a leading global hotel management group. This collaboration focuses on developing and operating hotel projects in Turkey and Russia under the Ibis and Novotel brands. Rather than managing these hotels, Akfen generates revenue through long-term rental agreements with Accor.
The company currently boasts a portfolio of 12 operational hotels across key locations including Istanbul, Trabzon, and Kyrenia. Additionally, seven new hotel projects are underway in regions such as Istanbul-Esenyurt, Adana, and Moscow.
With a robust business model that emphasizes stability through rental income, Akfen GYO is positioning itself as a reliable player in regional hospitality markets.
