Fairmont Hotels & Resorts today announced a new development in Istanbul, Turkey, scheduled to open in 2016. The 210-room hotel will be joined by branded residences and is part of the Quasar Istanbul complex, a new mixed-use development in the Sisli district, a vibrant neighborhood blending commercial, residential and retail yet situated close to major attractions in the city.
The project is being developed through a joint venture between Viatrans - Meydanbey. Viatrans is a Geneva-based company specializing in shipping logistics and insurance as well as commercial real estate.
The Quasar Istanbul complex is in the central business district whose showpiece is the former Mecidiyekoy Liqueur and Cognac Factory. Built in the 1930's on then undeveloped land, the factory was designed by Robert Mallet-Stevens, who with Le Corbusier was among the most influential modern French architects of that era.
Two 41-story towers will sit above a 4-story office podium with fitness facilities and luxury retail stores. The towers will house a Fairmont Hotel and Fairmont Residences as well as Quasar Residences and offices which will be managed by Fairmont. The hotel will feature Fairmont Gold, the brand's hotel within a hotel lifestyle offering, a number of lounges and several restaurants, 2,000 square meters of function space, and a Willow Stream Spa.