The hotel will be created on the site of an old HSBC building on Büyükdere Street by a development company called Palmali Holding. A hundred million Euros will be plopped into the hotel to renovate the interiors and exteriors.
Mübariz Mansimov, president of Palmali Holding, said they are very happy to be opening a seven-star hotel in Istanbul. "We will open a seven-star hotel to offer the best service possible to Istanbul, the European Culture Capital of 2010. The Edition Hotel will have 80 rooms, all suites. There will be the finest restaurant brands of the world and a SPA service."
A SEVEN-STAR HOTEL? Good lord. Now, we definitely want Edition Istanbul to open in 2009 but can someone front our ticket to Turkey? kthxbai!