IHG Expands Near Istanbul Airport with Agreement to Develop 130-Room Holiday Inn Hotel

The project, developed in partnership with Liper Turizm in Arnavutköy, involves Turkish investors and is expected to open by the end of 2028, with the investment value yet to be disclosed.

IHG Hotels & Resorts has signed an agreement with Liper Turizm to develop a new hotel under the Holiday Inn & Suites brand in Arnavutköy, near Istanbul Airport.

The planned 130-room property will strengthen the group's presence in Türkiye's hospitality market, particularly in locations connected to international air travel.

The agreement was signed on November 4, 2026, with representatives of IHG and its local partner. The property will operate under the name

The development reflects growing investor interest in airport-area hospitality markets, which serve a range of travellers, including business visitors, short-stay guests and passengers requiring accommodation before departure or after arrival.

The project is located in Arnavutköy, on Istanbul's European side, an area connected to the road network serving Istanbul Airport.

Once operational, the hotel is expected to add 130 rooms to the local accommodation market under the internationally recognised Holiday Inn & Suites brand.

The developers have not yet disclosed the property's total development area, room and suite configurations, or planned leisure and commercial facilities.

Room rates and potential airport transfer services have also not been announced.

IHG Hotels & Resorts is one of the world's major international hospitality groups, operating a portfolio of brands across different market segments, including InterContinental, Crowne Plaza and Holiday Inn.

The new project is associated with investments by Turkish companies Erpay İnşaat and Liper Turizm, according to information published by parties involved in its development.

Turkish hospitality consultancy MY Otel Yatırım ve Yönetim Danışmanlık provided advisory services related to brand selection and coordination of the agreement with IHG.

The partnership brings together local investors and an international hotel brand. However, details of the final ownership structure and the management and operating arrangements have not yet been publicly disclosed.

Turkish hospitality industry reports indicate that the hotel is expected to open by the end of 2028.

However, IHG has not announced a confirmed opening date or a detailed construction schedule.

The parties have also not disclosed the project's total investment value, financing sources or estimated development cost per room.

These figures would provide important insight into the project's financial scale and commercial feasibility.

Once operational, the hotel could offer an additional accommodation option for travellers who prefer to stay near Istanbul Airport, particularly those with early-morning departures or late-night arrivals.

Its suitability for these travellers will depend on airport transfer times, transportation services and room rates when operations begin.

The signing of the development agreement does not mean the hotel is currently open or available for reservations.