"France's Accor says will build 50 hotels in Turkey
Mon Jun 5, 2006 2:25am ET8
Email This Article | Print This Article | Reprints
[-] Text [+]
ANKARA, June 5 (Reuters) - French hotels group Accor SA (ACCP.PA: Quote, Profile, Research) said on Monday it would invest 300 million euros ($388 million) in fast-growing Turkey to build 50 hotels by 2015.
The company, which has operations in 140 countries and annual turnover of seven billion euros, said in a statement that it would hire 3,500 people for its Turkish hotels.
'Of the 50 hotels, 12 will be completed by 2009 and we are working with Turkey's leading Akfen Group as strategic partners,' said Accor Turkey spokesman Koray Ozbay."
More:France's Accor says will build 50 hotels in Turkey | Reuters.com
