Shaza Hotels rolled out its expansion plan for the Turkish market at the Tourism Investment Forum 2020 (TIF) in Istanbul last week.
The exclusive conference brought together leading international investors, financial institutions, banks and real estate developers to discuss opportunities to shape the future of tourism in the country.
“We spent the last few years growing our brands in the Middle East and have now established an office in Istanbul to actively pursue opportunities in Turkey and surrounding markets,” vice president, Shaza Hotels, Chris Nader shared. “The country is ready to welcome new and fresh brands, and our unique brand proposition fits perfectly the needs of investors and travellers, both from a concept standpoint and investment criteria standpoint.”
Shaza Hotels is currently in discussion for various projects in Turkey, including wellness resorts, nature and thermal retreats, and historical palaces connected to heritage and cultural sites.
Nader stressed: “Historically, investors and operators have focussed primarily on two markets: Istanbul and Bodrum. We would of course like to manage properties in these two highly performing cities; however, we also see immense potential in secondary cities and remote destinations. Turkey has so much richness in terms of culture, heritage and nature outside the main cities, and the country needs to promote these locations by developing quality hotels, resorts and retreats to attract the new generation of travellers. This is what we want to achieve.”