Business · Companies · 1 hr ago
Hotel Investors in Türkiye Turn to Existing Properties
Hotel investors in Türkiye are increasingly buying existing properties instead of building new ones.
Rising costs and difficulty finding suitable land, especially in major cities and tourism destinations, are driving the shift.
International hotel chains are approaching owners of existing hotels as they look to expand or enter the market.
Research cited in the story forecasts 280 new hotels opening by the end of 2027, with investment spending exceeding $3 billion.
Istanbul alone is expected to gain about 7,000 hotel beds in 2027, though investment has slowed from previous years.
Foreign investors remain interested but are acting more cautiously, while many Turkish investors are also investing in Europe.
Rising costs and difficulty securing land are leading hotel investors in Türkiye to acquire existing properties rather than build new ones.
International hotel chains seeking to expand or enter the market are increasingly approaching existing hotel owners.
Investment activity has slowed compared with previous years, despite expectations of new openings and renovation projects in 2027.
Research by Tourism Databank projected more than $3 billion in investment for 280 new hotels expected to open by the end of 2027.
Industry representative Çiğdem Türkyılmaz said foreign investors remain interested in Türkiye but are acting more cautiously.
- Who
- Hotel investors in Türkiye, including international hotel chains, are increasingly pursuing existing properties.
- What
- Investors are turning to acquiring operating hotels rather than building new ones.
- When
- The trend is reported on Oct. 28, 2026. Tourism Databank’s figures are as of Oct. 22.
- Where
- Türkiye, particularly major cities and leading tourism destinations such as Istanbul.
- Why
- Rising costs and difficulty securing land are making new hotel developments harder.
This story does not have two clearly opposing sides.
Tourism Databank’s research counted 280 new hotels expected to open in Türkiye by the end of 2027.
Approximately 7,000 new hotel beds are expected to be added in Istanbul.
- Expected new hotels
- 280 by the end of 2027
- Projected investment
- More than $3 billion
- Expected Istanbul capacity
- Approximately 7,000 new beds in 2027
- Reported date
- Oct. 28, 2026
What people are saying
Approximately 7,000 new beds are expected to be added in Istanbul alone in 2027. However, there is a slowdown in investments, and the previous momentum is no longer there,
Brands want to establish hotels in prime destinations, but especially in Istanbul, there is virtually no space left for new hotel construction, so they are pursuing available properties for sale,