DUBAI – UAE-based hotel group Rotana has announced the launch of Tri G, its latest project in the fast-growing Turkish market.



Located in the province of Günesli, the Tri G project has been launched in partnership with Mar Yapi, a Turkish real estate company.



Mar Yapi will own a 60 percent stake in the new project while the remaining 40 percent will be owned by Rotana and partners, a statement said.



The project will include Centro Hotels by Rotana brand with 152 rooms on eight floors, a total of 153 residences on 17 floors and 2,500 square meters of commercial space, the statement added.



The Tri G project is scheduled to open in the last quarter of 2016.



“Turkey is a key growth market for Rotana and we are very excited to partner with Mar Yapi to further expand our presence in the country with the launch of Tri G project,” said Nasser Al Nowais, chairman, Rotana.



“With its striking design, unique living spaces and extensive range of business and community facilities, Tri G will be a landmark project in the country.”



Münir Özkök, chairman of Mar Yapi, added: “Rotana is a pioneer in the hospitality sector in the region and it’s a privilege for Mar Yapi to launch this ambitious project in partnership with such a reputed and long-standing player in the regional hotel scene.”



The Tri G project lies on the Basin Ekspres Yolu, which connects the busiest and most important transportation axes of Istanbul - the D100 and the TEM motorway.



“We expect investors in the Gulf markets to comprise a sizeable segment of apartment owners at Tri G which is managed by Rotana, and we are aiming to have all serviced apartments sold ahead of the project’s completion,” said Özkök. — SG/Agencies