Fairmont Hotels & Resorts announced a new development inIstanbul, Turkey, scheduled to open in 2016. The 210-room hotel willbe joined by branded residences and is part of the Quasar Istanbulcomplex, a new mixed-use development in the Sisli district, a vibrantneighborhood blending commercial, residential and retail yet situatedclose to major attractions in the city. The project is beingdeveloped through a joint venture between Viatrans - Meydanbey.Viatrans is a Geneva-based company specializing in shipping logisticsand insurance as well as commercial real estate.
The Quasar Istanbul complex is in the central business district whoseshowpiece is the former Mecidiyekoy Liqueur and Cognac Factory. Builtin the 1930's on then undeveloped land, the factory was designed byRobert Mallet-Stevens, who with Le Corbusier was among the mostinfluential modern French architects of that era.
Two 41-story towers will sit above a 4-story office podium withfitness facilities and luxury retail stores. The towers will house aFairmont Hotel and Fairmont Residences as well as Quasar Residencesand offices which will be managed by Fairmont. The hotel will featureFairmont Gold, the brand's hotel within a hotel lifestyle offering, anumber of lounges and several restaurants, 2,000 square meters offunction space, and a Willow Stream Spa.