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MILESTONES

  • 2021

    - 238 million TL convertible bonds were converted into shares and redeemed.
    - With 450 million TL allocated capital increase, 3 new assets (Isparta Student Dormitory, Kütahya Student Dormitory, Bodrum Loft) worth 62.5 million EUR were purchased for 53 million EUR.
    - Rental agreements of 19 hotels were revised with Accor, resulting in an increase in rents of approximately 15%.
    - Financial debt of 177.7 million EUR was refinanced with a term of 10 years.
    - After the 3rd capital increase of 55 million EUR, the financial debt was reduced to 132 million EUR.
    - BBB rating received from JCR.
    - 51% participation in Fıratcan İnşaat, owner of the Söğütlüçeşme Project, at a cost of EUR 6.2 million.

  • 2020

    - Within the scope of coronavirus measures, 13 of our hotels stopped their activities for an average of 4 months. 3 of our hotels have been allocated to healthcare professionals for 2 months.

    - A protocol was signed for the restructuring of the existing bank debt of 177.7M Euros from Credit Europe and Fibabanka with a 10-year maturity.

  • 2019

    - Bulvar Loft Project was sold wholesale and 380 million TRY revenue was obtained from the project.
    -With the buyback of 2.015.384 units of shares, the total repurchased shares reached 6.233.384 units, and its ratio to capital reached 3.39%.

  • 2018

    - Shares Convertible Bonds issued for the first time by a public company in Turkey, took place in the history of our company by  17 January 2018  170.000.000. –TRY nominal value of.

    - 1000 A group and 1000 D group privileged shares of Akfen Holding were transferred to Hamdi Akın.

  • 2017

    - The 200-room Ibis Otel Tuzla became operational. 

    - The Land (area: 36.947 m²) Sales Counterpart Revenue Sharingn project (Bulvar Loft); with 822 houses and 7000 m² commercial area locatted in Ankara, Gölbaşı, Kızılcaşar; is transferred on 10 November 2017 to ordinary partnership which established on 9 Kasım 2017 and by Akfen Consturction (Akfen İnşaat A.Ş.) and Akfen REIT (Akfen REIT 99% - Akfen Construction 1%).

    - Between 19.09.2016 - 23.05.2017, 2.29% of the capital was repurchased as 4.218.000 units.

     

     

  • 2016

    - The 200-room Novotel Istanbul Bosphorus Karakoy became operational. 

  • 2015

    - The 317 room Ibis Hotel Moscow became operational.
    - Financing of 220 million EUR with a 10-year term was obtained from Credit Europe and Fibabanka to refinance existing investments in Turkey, Cyprus, and Russia and to finance our last 5 hotels.

  • 2014

    - The 147-room Ibis Hotel Ankara Airport became operational.

  • 2013

    - 156-room Ibis Hotel Esenyurt/ İstanbul became operational.
    - 140-room Ibis Hotel Alsancak/İzmir became operational.
    - 167-room Ibis Hotel Kaliningrad became operational.

  • 2012

    - 204-room Ibis Hotel Samara started operations.
    - 165-room Ibis Hotel Adana started operations.
    - Akfen REIT’s subsidiary Akfen Real Estate Trading and Construction signed a 20-year lease contract with Voyager Cyprus Limited Company for the lease of a 5-star hotel in Kyrenia, TRNC along with the casino and all the outbuildings.

  • 2011

    - The Company’s paid in capital increased from TL 138 million to TL 184 million through an initial public offering in May 2011.
    - The Company increased its share in its joint investments in Russia from 50% to 95%
    - 177-room Ibis Hotel Yaroslavl started operations.

  • 2010

    - 92-room Novotel Gaziantep and 177-room Ibis Hotel Gaziantep started operations.
    - 96-room Novotel Kayseri and a 160-room Ibis Hotel Kayseri started operations.
    - 200-room Ibis Hotel Bursa started operations.
    - The Company’s paid-in capital was increased to TL 138 million from TL 72 million.
    - Akfen Holding acquired the 32,46 percent share owned by Goldman Sachs.

     

  • 2008

    - 200 room Novotel Trabzon started operations.
     

  • 2007

    - 208-room Novotel İstanbul and 228-room Ibis Hotel İstanbul in Zeytinburnu started operations. 
    - 108-room Ibis Hotel Eskisehir started operations. 
    - 286-room Merit Park Hotel Kyrenia in TRNC started operations.
    - Goldman Sachs became a partner of Akfen REIT by acquiring minority shares.

     

  • 2006

    - Following CMB approval, Aksel Tourism Investment and Operations was transformed into Akfen REIT.

  • 2005

    - Akfen Holding and Accor S.A. signed a memorandum of understanding.

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