Qatar acquires hotels in Istanbul
Baku, Azerbaijan, July 10
By Rufiz Hafizoglu - Trend:
Qatar’s Al Rayyan Tourism Investment Company (ARTIC) acquires two Turkish hotels in the Sisli District of Istanbul, Trend reports referring to Turkish media.
It is reported that negotiations are ongoing between the Qatari ARTIC and the Turkish construction company Seba İnşaat on the acquisition of hotels.
"The total amount of the transaction is 93 million euros," according to media reports.
It is expected that the purchase of the hotels in Istanbul will be completed before the end of July this year.
Turkey’s Seba İnşaat construction company was founded in 1999.
At present, the company is mainly engaged in the construction of hotels and shopping centers.
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