Rising above the slopes of the Bosphorus, Fairmont Quasar Istanbul opened in January this year. The hotel has recently won the “Best City Hotel Turkey” and “Best City Hotel Europe” awards while achieving the International Five-Star Hotel Standard.
The International Hotel Awards is a global competition that determines the finest hotels and hospitality companies in the world. A gala dinner and presentation took place on Oct. 26, where the winners of the awards were announced.
The Fairmont Quasar Istanbul, as the Europe regional winner in the “Best City Hotel” category, serves as a hub in the heart of Istanbul for the well-traveled.
“A new icon for the vibrant Mecidiyeköy district, Fairmont Quasar sits at a crossroads in Istanbul — where eclectic neighborhood bazaars and colorful side streets meet modern shopping centers and commercial properties,” a press release said. “Set on the site of the 1930’s Robert Mallet Stevens’ designed Art Deco liquor factory, Fairmont Quasar Istanbul, with its 209 rooms, various culinary venues, art collection in the hotel and Willow Stream Spa, blends a sense of urban culture and industrial flair with the city’s storied traditions and a strong sense of place.”
Hundreds of entries from across Europe were scrutinized by the judging committee, which is chaired by Viscount John Thurso, as well as over 50 global experts. Stuart Shield, president of the International Hotel Awards, and Thurso presented the award to Kai Winkler, general manager of Fairmont Quasar Istanbul.
Fairmont Quasar Istanbul scoops national, regional awards
Fairmont Quasar Istanbul scoops national, regional awards
Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah
Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.
The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.
The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.
The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.
Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.
During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.
The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.
The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.
This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.
Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.
