Torunlar Partners With Hilton at Mall of Istanbul
Hilton Mall of İstanbul is expected to welcome guests in summer 2020
ISTANBUL and McLEAN, Va. - Torunlar REIC and Hilton have signed a franchise agreement with Hilton for the hotel under construction at Mall of İstanbul, Turkey’s largest mixed-use project. The Hilton Mall of Istanbul project marks a debut tourism investment for Torunlar REIC, Turkey’s largest private real estate investment company.
Hilton Mall of İstanbul will have a total of 180 rooms, with 19 suites and 161 standard rooms. The hotel complex comprises facilities including a congress center, restaurant, executive lounge, spa, fitness center, and swimming pool as well as shopping areas. Hilton Mall of İstanbul expects to create approximately 300 jobs once opened in 2020, and will be managed by TRN Hotel Management.
The signing ceremony for Mall of İstanbul Hilton Hotel franchise agreement was held with the participation of Aziz Torun, Chairman at Torunlar REIC, and Carlos Khneisser, Vice President of Development at Hilton MENA & Turkey.
Hilton MENA & Turkey Vice President of Development Carlos Khneisser said: “We are very proud to take part in such an amazing project. For more than 60 years, since Hilton Hotels & Resorts opened the doors of Hilton İstanbul Bosphorus, we have been a pioneer in the global hospitality sector. And now, Hilton Mall of İstanbul will set the highest standards at the developing and rising part of the city.”
Aziz Torun, Chairman, Torunlar REIC added: “We are delighted to join forces with the world’s top hotel brand Hilton at the Mall of İstanbul, which has been recognized as the “Best of the Best” by the International Council of Shopping Centers. With a range of investors from 35 countries in its residential housing complex and over 2 million international visitors annually, Mall of İstanbul will gain even more international spotlight with the Hilton Hotels & Resorts brand. Valued at USD 71 million without the land cost, Hilton Mall of İstanbul is set to welcome guests in the summer of 2020. It will be one of the closest five-star hotels to the Istanbul Airport, a hub for more than 260 destinations in five continents.”
The hotel will benefit from direct subway access to the Masko station along the Ataköy-İkitelli Metro line to open next year.
Torun continued: “The subway will provide our guests easy access to every part of Istanbul. We strongly believe that the Hilton hotel’s offerings will build synergy with Mall of Istanbul, which has 350 stores with top global brands, gourmet restaurants, food courts, Europe’s largest indoor theme park, movie theaters and a performance hall, Turkey’s biggest shopping, entertainment and social complex. Hilton Mall of İstanbul will also significantly contribute to Istanbul’s flourishing culture, health and shopping tourism.”
“Hilton Mall of İstanbul will also host national and international business gatherings at its 1410-seat conference hall, and 10 meeting rooms of different sizes,” stated Torun.
About Torunlar REIC
As one of the most innovative real estate investment trusts of Turkey in terms of developing living centers such as malls, entertainment areas, housing, offices and hotels with a focus on people and life, Torunlar GYO has an experience of more than 30 years in construction sector. Having started to be publicly traded since 2010, Torunlar GYO is among the most valuable 50 companies of the Istanbul Stock Exchange with its portfolio value of 12.4 billion TL. Torunlar GYO, with its vision of "Worth investing and living", continues to touch the lives of millions of people, making a difference and grow with the confidence of its investors through its projects located in different provinces of Turkey such as Istanbul, Ankara, Bursa, Antalya, Samsun and Muğla.
About Hilton Hotels & Resorts
For 100 years, Hilton Hotels & Resorts has set the benchmark for hospitality around the world, providing new product innovations and services to meet guests' evolving needs. With 585 hotels across six continents, Hilton Hotels & Resorts properties are located in the world’s most sought-after destinations for guests who know that where they stay matters. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Begin your journey at www.hiltonhotels.com, and learn more by visiting newsroom.hilton.com/hhr and following Hilton Hotels & Resorts on Facebook, Twitter, and Instagram.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 17 world-class brands comprising nearly 5,900 properties with more than 939,000 rooms, in 114 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton earned a spot on the 2018 world’s best workplaces list, and has welcomed more than 3 billion guests in its 100-year history. Through the award-winning guest loyalty program Hilton Honors, more than 94 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.Download Article Photos