News

IHG announces more Istanbul hotels

25 Jun 2008 by Mark Caswell

Intercontinental
Hotels Group (IHG) is to open new Holiday Inn Express and Crowne Plaza properties in
Istanbul, as the booming city continues to attract major hotel investment.

Due to open in 2010, both properties will form part of the ORA Istanbul Urban Entertainment Centre, an entertainment, retail
and exhibition complex located between the city centre and the airport.

The 146-room Holiday
Inn Express will be the first by the budget brand in Turkey,
while the 281-room Crowne
Plaza will join seven
other IHG-branded properties either open or under development in the country’s
capital.

The hotels will be
managed by IHG, under ownership by Turkish real estate investment company ORA Istanbul Real Estate
Investment and Development Co.

Istanbul is currently experiencing a boom in hotel developments, with brands
such as Starwood (see online news April 3), Four Seasons (see online news April
11
), and Hyatt (see online April 17) all either opening or announcing new
projects.

For more
information visit ihg.com.

Report by Mark
Caswell

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