Akfen GYO is the first and only Real Estate Investment Trust dedicated to the "City Hotels" concept, with a focus on investments in Turkey and Russia. The company has formed a strategic partnership with Accor, a leading global hotel management company, in 2005. This partnership has seen Akfen REIT and Accor Group collaborate to develop hotel projects in Turkey and Russia under the Ibis and Novotel brands. Rather than managing the hotels, Akfen REIT obtains long-term rent income through lease agreements with Accor for the hotels it develops and constructs. As of now, Akfen REIT's portfolio comprises a total of 12 hotels, including locations in Istanbul, Trabzon, Eskişehir, Kayseri, Gaziantep, Bursa, Kyrenia, Yaroslavl, and Samara. Additionally, the company has seven hotel investments in process in locations such as Istanbul-Esenyurt, Adana, Izmir, Ankara, Istanbul Karaköy in Turkey, Kaliningrad, and Moscow in Russia. Akfen GYO was founded in 1997 and operates in the hospitality, Prop Tech, and real estate industries. Regarding its headquarters and the details of its last investment and investors, this information is currently not available.
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