It will not be the first hotel in that city with the name ‘Peninsula’, but it will certainly be one of the most luxurious.
The project is in the Galata area and involves the conversion of three historic buildings and creation of a fourth close to the famed bridge.
Peter Borer, chief operating officer of The Peninsula Hotels owning company The Hongkong and Shanghai Hotels, said: “Istanbul is the epitome of east meets west, and is a geographic anchor. Location is always so key for us, so we couldn’t afford to miss this project and had to move quickly. It will have an extraordinary view of the Bosphorus.”
