Cities in Turkey

Signs sale and purchase agreement to sell Port Akdeniz

Retrieved on: 
Wednesday, October 21, 2020
Mediterranean Region, Turkey, Geography of Turkey, Cities in Turkey, Akdeniz, Mersin, Mersin, Port, Antalya

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that following a period of exclusive negotiations it has entered into a conditional sale and purchase agreement to sell Ortadou Antalya Liman Iletmeleri ("Port Akdeniz") to QTerminals W.L.L.

Key Points: 
  • Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that following a period of exclusive negotiations it has entered into a conditional sale and purchase agreement to sell Ortadou Antalya Liman Iletmeleri ("Port Akdeniz") to QTerminals W.L.L.
  • Port Akdeniz, the Group's largest commercial port concession, operates Port Akdeniz-Antalya in Turkey, under a concession agreement which runs until August 2028.
  • This conditional agreement follows the Strategic Review announced by the board on the 5 July 2019 and GPH's announcement on the 11 March 2020 that it had entered into exclusive negotiations over the sale of Port Akdeniz.
  • However, as GPH continues to pursue growth in the exciting cruise port market, it is now time for the stewardship of Port Akdeniz to pass to an organisation that is primarily focused on the Commercial port market.

Hyatt Expands Presence in Turkey With Plans for Hyatt Regency Izmir Istinye Park

Retrieved on: 
Monday, February 24, 2020
Architecture, Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Destinations, Travel, Sarıyer, İstinye Park, Hyatt, Istanbul, Levent, Marmara Region, Historical geography, Cities in Turkey, Hyatt Regency, Hyatt Hotels Corporation, Orjin Konaklama Yönetim Hizmetleri A.Ş.

Hyatt Regency Izmir Istinye Park will be part of a new major development, Istinye Park Izmir, slated to become a local landmark comprising of a high-end shopping mall and an impressive 860,000 square foot (80,000 square meter) park.

Key Points: 
  • Hyatt Regency Izmir Istinye Park will be part of a new major development, Istinye Park Izmir, slated to become a local landmark comprising of a high-end shopping mall and an impressive 860,000 square foot (80,000 square meter) park.
  • Hyatt Regency Izmir Istinye Park will feature a restaurant and bar, as well as a spa and a fitness center.
  • Hyatt Regency Izmir Istinye Park will be joining Hyatts growing portfolio across Turkey, alongside Park Hyatt Istanbul Macka Palas , Hyatt Regency Istanbul Atakoy , Grand Hyatt Istanbul , Nish Palas Istanbul , Hyatt Centric Levent Istanbul and Hyatt House Gebze .
  • Hyatt Regency Izmir Istinye Park will be the hotel component of the mixed used development in Izmir.