Hotel Okura Co. Expands into Turkey Launching Development of 130-room Okura Spa & Resort Cappadocia

Hotel Okura Co., Ltd. | June 8, 2015

June 08, 2015 - TOKYO - Hotel Okura Co., Ltd. announced it will open Okura Spa & Resort Cappadocia (tentative name) in 2017, its first property in the Republic of Turkey, and also the first hotel in Turkey operated by a Japanese hospitality company. In February this year, Hotel Okura established a joint venture company with two Turkey-based companies: Sarayli Turizm A.S. and MSIC Gayrimenkul Yatirim Ve Danismanlik Ticaret Ltd. Sti. The joint venture, Okura Sarayli Otel Yönetim A.S., headquartered in Turkey's capital, Ankara, aims to accelerate Okura's expansion in Turkey. "Establishing this joint venture in Turkey is a strategic mo...