Business Description
Akfen Gayrimenkul Yatirim Ortakligi A.S. is a Turkish real estate investment trust listed on the Istanbul Stock Exchange, with roots going back to a tourism venture founded in 1997. The company became a subsidiary of Akfen Holding in 2006 and was formally restructured into its current form that same year. Its core business involves building and managing a portfolio of Novotel and Ibis branded hotels across Turkey, developed under a long-standing agreement with global hospitality group ACCOR SA, and leased to ACCOR's Turkish operating subsidiary Tamaris Turizm A.S.
