Fairmont Hotels & Resorts announced a new development in Istanbul, Turkey, scheduled to open in 2016. The 210-room hotel, to be called Fairmont Quasar, Istanbul, will be joined by branded residences and is part of the Quasar Istanbul complex, a new mixed-use development in the Sisli district. The area is a neighborhood blending commercial, residential and retail, yet is 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 Mecidiyeköy Liqueur and Cognac Factory. Built in the 1930s 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 four-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 offer Fairmont Gold, the brand’s hotel within a hotel lifestyle offering, a number of lounges and several restaurants, 21,528 square feet of function space and a Willow Stream Spa.
The two residences are whole-ownership, private homes and will offer studios, one- and two-bedroom apartments and three-bedroom duplexes. While in residence, owners will have access to a private lounge and a number of services and amenities, such as 24-hour concierge, wine cellar, preferred pricing for various hotel offerings including dining, spa and fitness, meeting facilities and hotel guestrooms. Owners will also be awarded VIP status and privileges when they travel to any Fairmont hotels or resorts worldwide.
The former distillery, located adjacent to the hotel will undergo a restoration echoing the modern style of its French designer to become a culture, fashion and arts center for special events and exhibits. An urban open space is also planned for the development of a city park and recreation area.
Fairmont Quasar, Istanbul is the most recent project to be announced by the brand in the region and joins Fairmont Kyiv, Ukraine; Fairmont Baku, Azerbaijan (2013) and Fairmont Pekin, Moscow (2016).
Fairmont Hotels & Resorts is a collection of more than 65 luxury properties around the globe, including Shanghai's Fairmont Peace Hotel, The Plaza in New York, and Makkah Clock Royal Tower in the Kingdom of Saudi Arabia. Fairmont is owned by FRHI Holdings Limited, a global hotel company with over 100 hotels under the Fairmont, Raffles and Swissôtel brands. The company also manages Fairmont, Raffles and Swissôtel branded luxury private residences club, whole-ownership residences and serviced residences properties.