"A new Çırağan-like hotel is coming to Istanbul
Monday, December 24, 2007
The land of the former Carlton Hotel in the upscale İstinye area of Istanbul might soon be the place for a new luxury hotel such as the Çırağan Kempinski, one of Istanbul's best. The land was sold by TMSF, the official Saving Deposits Insurance Fund, to Yeniköy Turizm İşletmeleri, for YTL 70 million, which roughly makes about USD 59 million"
More:A new Çırağan-like hotel is coming to Istanbul - Turkish Daily News Dec 24, 2007