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Tribune news network
Doha
Al Rayyan Tourism Investment (ARTIC), one of the leading international hotel investment companies, has opened the Sheraton Istanbul City Center Hotel, the latest addition to ARTIC’s growing investment portfolio, the company announced in a statement on Tuesday.
Located in the vibrant Beyoglu district in the European side of Istanbul, Sheraton Istanbul features 254 spacious guestrooms, a restaurant and a lobby lounge, as well as seven meeting rooms, including a 702 sqm ballroom, and a Sheraton Club Lounge.
Facilities also include a gym, an indoor swimming pool and spa, and a Turkish hammam. The hotel has been awarded the “LEED or New Construction” Gold certificate by the US Green Building Council.
ARTIC Chairman Sheikh Faisal bin Qassim al Thani said, “This is ARTIC’s first acquisition in Istanbul, one of the world’s prominent cities which also enjoys a distinctive investment climate for foreign investment. This wonderful hotel is a distinctive addition to ARTIC’s investment portfolio and an important milestone in our development and expansion.”
“Qatar and Turkey enjoy strong economic ties based on trade exchange. These ties have lately seen great prosperity in various fields and economic activities’ sectors, including manufacturing, food and beverage products, military equipment and tourism.
“We are proud to help strengthen strategic relations between Qatar and Turkey, as well as our growing relationship with Marriott International, allowing us to provide exceptional experiences in the cities where we operate.”
Sheikh Mohammed bin Faisal al Thani, vice chairman of ARTIC, said, “ARTIC’s acquisition of Sheraton Istanbul fits perfectly with our investment strategy in terms of location and commercial strength, and I am confident that this new addition will add value to both our existing portfolio and to the local community.
Doha
Al Rayyan Tourism Investment (ARTIC), one of the leading international hotel investment companies, has opened the Sheraton Istanbul City Center Hotel, the latest addition to ARTIC’s growing investment portfolio, the company announced in a statement on Tuesday.
Located in the vibrant Beyoglu district in the European side of Istanbul, Sheraton Istanbul features 254 spacious guestrooms, a restaurant and a lobby lounge, as well as seven meeting rooms, including a 702 sqm ballroom, and a Sheraton Club Lounge.
Facilities also include a gym, an indoor swimming pool and spa, and a Turkish hammam. The hotel has been awarded the “LEED or New Construction” Gold certificate by the US Green Building Council.
ARTIC Chairman Sheikh Faisal bin Qassim al Thani said, “This is ARTIC’s first acquisition in Istanbul, one of the world’s prominent cities which also enjoys a distinctive investment climate for foreign investment. This wonderful hotel is a distinctive addition to ARTIC’s investment portfolio and an important milestone in our development and expansion.”
“Qatar and Turkey enjoy strong economic ties based on trade exchange. These ties have lately seen great prosperity in various fields and economic activities’ sectors, including manufacturing, food and beverage products, military equipment and tourism.
“We are proud to help strengthen strategic relations between Qatar and Turkey, as well as our growing relationship with Marriott International, allowing us to provide exceptional experiences in the cities where we operate.”
Sheikh Mohammed bin Faisal al Thani, vice chairman of ARTIC, said, “ARTIC’s acquisition of Sheraton Istanbul fits perfectly with our investment strategy in terms of location and commercial strength, and I am confident that this new addition will add value to both our existing portfolio and to the local community.
