Chinese Wanda, which also has got a luxury hotel chain, will make the first hotel investment abroad in Turkey by taking the building of Mar Yapı on Istanbul Press Expressway.
The first step of a strategic alliance Wanda Vista Istanbul is signed between Yapı and one of China’s largest companies Wanda Group, which also owns a luxury hotel chain.
Under the cooperation, Wanda’s first foreign hotel will be opened in Istanbul in 2018. Wanda Vista Istanbul will serve as a residence and hotel. Wanda Vista consists of 150 rooms and 300 residences in the building. To this end, Wanda of China received Mar Building’s premises on the Press Express Road for 20 years plus $ 60 million plus performance premium.
New Hotels Around The World
Wanda Hotels & Resorts President Qian Jin announced that they will open their first foreign hotel in Istanbul as Wanda Vista brand. President also says Wanda Hotels & Resorts will be the first hotel brand in the international marketplace, and after the hotel there will be another projects includes world class cities such as Los Angeles, Gold Coast, London, Chicago and Sydney.
Qian Jin stated that about 120 million Chinese travel abroad each year and that 45 million of them use Wanda agents and by this partnership they want to show all the Chinese that Turkey is a developed and developing country. He also stated that Wanda and Mar Yapı will work together in other sectors and their strategic alliances cover more than one field.