The Mardan Palace, in Antalya, Turkey, built by Russian businessman Telman Ismailov in 2009, has been put up for sale by the Antalya 4th Directorate of Bailiff and Execution, reports the Daily Sabah. The sale reportedly is underway as a result of the hotel's debts to Halkbank. An estimated sale price has been established at approximately US$250 million.
The hotel is located on the Kundu tourist site in Antalya's Aksu district. First and second tenders for the sale will be held on June 3 and June 30, respectively, through an auction process.
The 93,000-square-meter hotel facility has 365 standard twin rooms, 146 twin suites, 43 four-bed suits, six twin rooms for the disabled, five four-bed suite villas and 12-bed apartment rooms. The facility also has a 900-person world-class restaurant, 10 a la carte restaurants, a 500-person nightclub, 500-person multi-purpose hall, 830-person conference hall, 16 meeting rooms, movie houses, bowling alleys, mini clubs, swimming pools, fitness centers, offices, indoor and outdoor car parks and a spa unit.