Turkey
About Akfen Real Estate Investment Trust Inc.
Akfen Real Estate Investment Trust Inc. (Akfen REIT) was founded in 2006, evolving from Aksel Tourism Investments and Management Inc., which began operations in 1997. The company transitioned into a real estate investment trust, leveraging its strong foundation in Turkey's infrastructure development.
Industry Leadership & Strategic Partnerships
Backed by the expertise of Akfen Holding, a leading infrastructure builder in Turkey, Akfen REIT has become a pioneer in project development, construction, and economic city hotel management. The company maintains a strategic partnership with Accor SA, a global leader in international chain hotel management.
- Collaborates with Accor under the Ibis and Novotel brands.
- Develops and leases city hotels under long-term contracts.
Portfolio & Business Model
Akfen REIT's portfolio includes:
- 20 hotels across Turkey, Russia, and the Turkish Republic of Northern Cyprus.
- 1 office building as part of its diversified real estate assets.
The company generates stable and predictable rental income through its leasing-based business model, ensuring long-term financial sustainability.
