3.5.08

Hotel ownership in Turkey

With 54 years of experience in the construction sector, FDB Yapı prepares to launch the Ak Club Residences project in Antalya, a city on the Turkish Riviera. The project represents the first “home-hotel” concept in Turkey, and brings a new understanding of management to the city.

The project is expected both to meet the needs of the foreign investors who want to invest in property in Antalya, and to contribute to the economy with professional management of the facilities that offer the comfort of a five-star hotel. A first in Turkey, the Ak Club Residences project offers a profitable means of investment.

The owners will be able to make continuous profits by renting out their apartments at luxury-hotel standards day by day. In other words, the homeowners will be shareholders in a luxury hotel in Antalya. Turkey's first home-hotel project, the first stage of which is set to be completed by the end of 2009, will be comprised of four stages. The project will include a total of 1,200 apartments of different sizes.

“We will form a modern, comfortable and secure building system thanks to the technological structure that will be equipped with a self-sustaining smart house automation system,” said Fatih Deniz Bıçakçı, chairman of FDB Yapı.

The Ak Club Residences project has been developed to remove the difficulties faced by the owners of secondary homes, said Bıçakçı and added, “the secondary homes have fixed costs such as security, maintenance and repair, although they are only used for a short period of time. These costs will be removed with this home-hotel project.”