RENEWAL - Global Investment Holding's Hotel in Karaköy to be Managed by 'Hilton'
Global Investment Holding (IS:GLYHO), which operates across 4 continents and 19 countries through various investments, is transforming its former office building in Karaköy into a Curio Collection by Hilton Hotel. The building, for which a hotel construction permit was previously obtained by Global Investment Holding’s subsidiary RIHTIM51, is set to open its doors as a hotel by the end of 2025.
Serdar Kırmaz, a board member of Global Investment Holding, stated that they have added a new investment to enhance Turkey's tourism potential. He remarked, “Karaköy offers a unique opportunity for Istanbul’s tourism potential. While we continue our investments in tourism across 19 countries worldwide, we are committed to supporting our country in realizing its potential in this area.”
A new hotel is being added to Karaköy, Istanbul's fastest-growing tourism district. The hotel construction, which has been underway at the former office building of Global Investment Holding in Karaköy, is nearing completion. An agreement has been signed with Hilton for the hotel's operation. Under this agreement, the hotel in Karaköy will operate under Hilton’s “Curio Collection by Hilton” brand, adding to the two other Curio Collection by Hilton hotels already operating in Turkey, and is expected to start operations in 2025.
The construction of the building located on Rıhtım Street, a favored area of Karaköy, is being carried out by Global Investment Holding’s subsidiary RIHTIM51 Real Estate Investments Inc. The building that will serve as a hotel covers an area of 6,603 square meters.
Serdar Kırmaz emphasized, “We have added a new investment to enhance Turkey's tourism potential. Karaköy presents a unique opportunity for Istanbul’s tourism potential. While we continue our investments in tourism across 19 countries, we will keep supporting our country in realizing its potential in this area. As the construction work in our historically significant building in Karaköy nears completion, we are very pleased with the collaboration we have established with Hilton, one of the world’s strongest groups.”
The hotel will feature 90 rooms. Mike Collini, Vice President of Development for Hilton Central and Eastern Europe, expressed, "We currently have a total of 122 hotels operating and in the planning stages across Turkey, showcasing our broad portfolio of different locations and brands. We are thrilled to be expanding our Curio Collection by Hilton portfolio in Turkey through our collaboration with Global Investment Holding. Our lifestyle collection hotels are designed to offer unique and unforgettable experiences to our guests. We are eagerly looking forward to presenting this wonderful 90-room property to our guests in Istanbul."