Accor Adds Landmark Property In Istanbul With Signing Of The Grand Tarabya

Accor's Latest Property in Istanbul

Accor has revealed that it will manage The Grand Tarabya, a historic hotel in the affluent Tarabya neighbourhood of Istanbul along the Bosphorus Strait. Beginning on December 31, 2024, The Grand Tarabya will become Accor’s 38th hotel in Istanbul. This will further solidify the Group’s expansion into major cities in Europe and the Middle East and highlight the destination’s rising status as a global luxury hospitality hub. 

Since its debut in 1966 as one of Turkey’s initial five-star hotels, The Grand Tarabya has represented beauty and elegance. After its restoration and reopening in 2013, the property now boasts 248 rooms and suites, 29 residences, seven dining venues, and a wellness centre.

Accor will manage the property under a white label during a major renovation to enhance the hotel’s offerings. Once the renovation is complete, The Grand Tarabya will transition to a Fairmont brand, incorporating Fairmont’s distinctive brand elements while also honouring the property’s rich heritage and vibrant local culture. 

Omer Acar, CEO of Fairmont Hotels & Resorts and Raffles Hotels & Resorts, commented, “The Grand Tarabya has an esteemed legacy, which we are honoured to carry forward. With the proposed transformation of this landmark property, The Grand Tarabya will be a perfect addition to our portfolio, joining iconic Fairmont hotels such as The Plaza in New York and The Savoy in London. Together with our partners at Bayraktarlar Group, our vision is to preserve the property’s rich history and heritage while enhancing its appeal for today’s luxury travellers. With such exciting plans for the hotel, I do not doubt that The Grand Tarabya will quickly become one of our most sought-after destinations.” 

Ahmet Bayraktar, Chairman of Bayraktarlar Holding, commented, “This partnership reflects our ongoing commitment to invest in distinguished destinations that offer a unique blend of historical charm with modern luxury. The Grand Tarabya offers a prestigious setting that aligns with both Accor and Fairmont’s ethos, and we are confident under the new stewardship, the hotel will continue to thrive.” 

The Grand Tarabya holds a distinctive and sought-after spot along the Bosphorus, a historic waterway renowned as a prime international destination for luxury hotels. This property features views and a waterfront location, allowing visitors to easily explore the capital’s rich cultural and historical sites within a short drive. 

Accor currently manages over 70 hotels in Turkey, featuring a variety of brands such as Raffles,variousofitel, MGallery, Rixos, Swissôtel, Pullman, Mövenpick, Grand Mercure, Novotel, Mercure, ibis Styles, and ibis.