Jumeirah eyes expansion into Turkey

Luxury hotel management company, Jumeirah, has signed a management agreement with Turkey-based Demsa Group to manage Istanbul's historic Pera Palace Hotel.

A Dubai Holding unit, Jumeirah Group will assume management of the luxury museum hotel from May 1, 2012 and the property will be known as Pera Palace Hotel, Jumeirah, the Dubai-based group said yesterday in a statement.

In efforts to expand its reach in Turkey, Jumeirah is also in talks to operate another hotel property - the Macka hotel in Istanbul's upscale Nisantasi district, according to a Bloomberg report, quoting Demsa Chairman, Cengiz Cetindogan, who said that Jumeirah is currently negotiating with Macka's owner, Demsa Group.