Posts Tagged ‘map’
World Park Hotel Istanbul
Thursday, September 1st, 2011
Surge in tourist and business travel makes Istanbul property investment hard to ignore
While the vast majority of the world’s economies are dusting themselves off and trying to get back on their feet, others have been up and running for a while now, and it’s not just the well-documented BRIC (Brazil, Russia, India and China) economies that have emerged strong choices for investors.
Turkey, recently mentioned in the same breath as BRIC by Lord Mayor Michael Bear, head of the City of London Corporation, offers such an option. More to the point, Turkey’s midfield general, Istanbul, which has welcomed a surge in demand for office space and hotel rooms since it became such a hot bed for corporate activity (blue chip companies like American car giant Ford have a base in the city), is the key for many investors.In fact an Istanbul property investment has become even more likely in recent weeks, as the press coverage on the city has been particularly favourable.
A February 2011 news report showed that a PricewaterhouseCoopers (PwC) survey had revealed that Istanbul was the European property investment choice for real estate experts, while other reports unveiled some positive statistics on hotel room occupancy.
An STR Global report proved this point, publishing a report that showed 2010 occupancy of these units were back to their pre-recession best of around 71.8% in what is still clearly an under-supplied market in Istanbul.More encouragement for hotel room investors can be found in the fact that the ‘supply’ is showing no signs of falling away, with the Invest in Turkey website reporting that Istanbul is now a “magnet of tourism investments” with hotels being developed at a fast rate to cope with the “booming tourism and rising visitor numbers”.
Coping with this demand for business travellers and tourists are various developments throughout the city, though the one attracting much of the attention at the moment is the Elite Parla Palace, perhaps because of its location.
Just under three kilometres from the Sabiah Göçkcen Airport (on the Asian side) and with every luxury to cater for the busiest of corporate travellers, this is a development that is drawing in investors for all the right reasons.‘Growth’ is definitely a buzz word for Istanbul at the moment, and one development that epitomises this chapter in the city’s life is the developing science and technology park, Teknopark Istanbul.
When built, this clear sign of booming business and growth will be among the elites of The Middle East and Eastern Europe.
An Istanbul property investment looks like the direction for the smart money at the moment, because as blue chip companies and a growing number of tourists flock to the city, the demand for first class hotel rooms will rise. For investors, it seems to be a case of when, rather than if.
About the Author
Graham Flaherty
Istanbul Property Investment specialist
Click here to download your Istanbul Property Investment brochure
World Park Hotel Istanbul
|
|
2010s Architecture: 2010 Architecture, 2013 Architecture, 2014 Architecture, 2015 Architecture, Burj Khalifa $42.56 Chapters: 2010 Architecture, 2013 Architecture, 2014 Architecture, 2015 Architecture, Burj Khalifa, Ion Orchard and the Orchard Residences, Digital Media City Landmark Building, V Building, Elite Towers, Shanghai Tower, Croydon Gateway, Piccadilly Tower, World Trade Center Tower 5, Staythorpe Power Station, Marina Bay Sands, the Oracle, Queensland, National Museum of the United States Army, Opernturm, Bay Adelaide Centre, Ferrari World, Pearl River Tower, Lumiere, Federation Tower, Trump International Hotel and Tower, Hess Tower, the Harmon Hotel and Spa, Maple Leaf Square, Bitexco Financial Tower, 200 West Street, Marina Bay Financial Centre, the Vue, Infinity Tower, Vtp200, Diamond of Istanbul, Vision Brisbane, the Marina Torch, Park Avenue West Tower, Nishi-Shinjuku 3-Ch me Redevelopment, Louvre-Lens, Mirax-Plaza Ukraine, Burj Al Alam, Cassa Hotel |
|
|
Building the Cold War: Hilton International Hotels and Modern Architecture $35.25 In postwar Europe and the Middle East, Hilton hotels were quite literally little Americas. For American businessmen and tourists, a Hilton Hotel–with the comfortable familiarity of an English-speaking staff, a restaurant that served cheeseburgers and milkshakes, trans-Atlantic telephone lines, and, most important, air-conditioned modernity–offered a respite from the disturbingly alien. For impoverished local populations, these same features lent the Hilton a utopian aura. The Hilton was a space of luxury and desire, a space that realized, permanently and prominently, the new and powerful presence of the United States. Building the Cold War examines the architectural means by which the Hilton was written into the urban topographies of the major cities of Europe and the Middle East as an effective representation of the United States. Between 1953 and 1966, Hilton International built sixteen luxury hotels abroad. Often the Hilton was the first significant modern structure in the host city, as well as its finest hotel. The Hiltons introduced a striking visual contrast to the traditional architectural forms of such cities as Istanbul, Cairo, Athens, and Jerusalem, where the impact of its new architecture was amplified by the hotel’s unprecedented siting and scale. Even in cities familiar with the Modern, the new Hilton often dominated the urban landscape with its height, changing the look of the city. The London Hilton on Park Lane, for example, was the first structure in London that was higher than St. Paul’s cathedral. In his autobiography, Conrad N. Hilton claimed that these hotels were constructed for profit and for political impact: an integral part of my dream was to showthe countries most exposed to Communism the other side of the coin–the fruits of the free world. Exploring everything the carefully drafted contracts for the buildings to the remarkable visual and social impact on their host cities, Wharton offers a theoretically sophisticated criti |
