Marking a significant milestone, The Ascott Limited (Ascott) is today inaugurating its very first serviced residence in Turkey.
Somerset Maslak Istanbul, which is part of the new lifestyle development complex, Maslak 1453, is a 165-unit serviced residence ideal for corporate and leisure travellers visiting Istanbul on a short- or long-stay basis. The property’s spacious apartments, which range from studios to four-bedroom units, feature fully-equipped kitchens, WiFi, living areas and workspace.
As for facilities, guests will be able to make the most of a breakfast room, a gym, a residents’ lounge, a swimming pool and a children’s playroom.
With regards to location, Somerset Maslak Istanbul is ideally located in the city’s major commercial hub, which is home to many multinational corporations and educational institutions. Adding to this, popular leisure attractions are within a 10-minute drive from the property.
Enthusing on the company’s first venture in Turkey was chief corporate officer, Ascott, Tony Soh: “Turkey is an attractive market for foreign investors and we see significant potential to expand in the country with Ascott’s international brand of serviced residences. Turkey has a strategic location at the crossroads of Europe, Middle East and Asia, a large domestic market and stable policy environment. The Singapore-Turkey Free Trade Agreement will also spell more trade opportunities and collaborations for these two countries.”
Soh continued: “As the financial hub of the country, Istanbul is a natural choice for multinational corporations setting up headquarters in Turkey. Tourism is also a significant contributor to the country’s GDP. With Ascott’s expertise in managing award-winning serviced residences worldwide, we expect strong demand for our first property in Turkey and look forward to welcoming guests to experience Somerset Maslak Istanbul.”