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Exclusive Investment Opportunity · Istanbul 2026

A Luxury Boutique Hotel
in the Heart of Historic Istanbul

40% stake in a 73-key five-star hotel facing the Blue Mosque & Hagia Sophia — 32-year partnership

Discover the Opportunity
Available Stakes 400
Price Per Stake $27,274
Avg. Occupancy 59.29%
Contract Term 32 Yrs
Min. Entry $81,822
MOIC 4.42×
Total CAPEX $10.9M
Keys & Suites 73
Investor Share 40%
IRR 10.49%
A rare opportunity with clear fundamentals

Key Figures

Core metrics of a rare investment opportunity

73
Keys & Suites

Full-service luxury boutique hotel

%
40%
Investor Share

Of annual net free cash flow

$M
$10.9M
Total CAPEX

400 investment stakes available

%
10.49%
IRR

Internal rate of return

x
4.42x
MOIC

Multiple on invested capital

32
Years

Contract term from opening

The Asset

A Historic Building Becoming an Exceptional Investment

In the heart of Sultanahmet, where civilizations converge and history breathes through every stone, stands the Hürriyet Building — one of the rarest assets yet untouched by modern hotel development.

RONAY will design, develop, operate, and manage its transformation into a 73-key luxury boutique hotel under a major international hotel brand. Investors hold 40% of annual net free cash flow for 32 years — with zero operational responsibilities.

Ornate luxury hotel suite with chandeliers and elegant furnishings
Project Details

32-Year Investment Partnership

RONAY OTELCİLİK undertakes the full design, construction, branding, operation and management of transforming the historic Hürriyet Building into a 73-key luxury boutique hotel under a top international brand.

Investors retain 40% of annual net free cash flow for 32 years — with zero operational involvement, daily management responsibilities, or on-site obligations whatsoever.

Top International Hotel Brand
Heritage Zone: No New Supply
RONAY Manages Everything
Location

The Golden Triangle of Istanbul

Within the UNESCO World Heritage Zone

Located in Sultanahmet / Fatih, the property sits within walking distance of Istanbul's most visited landmarks — guaranteeing exceptional occupancy demand year-round.

Blue Mosque
5 min walk
Hagia Sophia
5 min walk
Topkapi Palace
7 min walk
Grand Bazaar
3 min walk
Panoramic views of the Bosphorus & Sea of Marmara
RONAY Blue Mosque Hagia Sophia Topkapi Grand Bazaar N
Market Case

Istanbul: A Tourism Market That Never Stops

18.97M

Foreign visitors to Istanbul in 2025

5.1M

Arrivals to Fatih accommodation properties

59.29%

Average hotel occupancy rate

Rare

New hotel development within Heritage Zone

Development restrictions within the protected heritage zone make this one of the last opportunities of its kind in the heart of Istanbul.

Investment Structure

How Does the Investment Work?

Choose Your Stakes

Minimum 3 stakes at $81,822 total — $27,274 per stake

Initial Payment

20% on signing the partnership agreement; balance per construction schedule

RONAY Handles All

Design, construction, branding, operations, management & reporting

Receive Your Returns

Periodic distributions from 40% of net free cash flow across all investor stakes

Expected Returns

Recover Capital, Then Profit for Decades

After capital recovery, annual distributions continue on your stakes for the remaining term — no operational involvement required from the investor.

Capital Payback Period
6 Years 4 Months
Internal Rate of Return
10.49%
Multiple on Capital
5.42x
Return Duration
32 Years from Opening
Development Timeline

From Now to Opening and Beyond

  1. Investment Offering

    Subscription and partnership agreement signing with qualified investors

  2. Design & Permitting

    Architectural planning and obtaining all necessary development permits

  3. Construction & Fit-Out

    Conversion works and finishing to international brand standards

  4. Opening (18 Months)

    Operational launch and commencement of investor return distributions

  5. Periodic Distributions

    Net free cash flow distributed to stakes per the partnership agreement

Next Step

Express Your Investment Interest

Contact us to receive the detailed information package (NDA required) and begin the due diligence process.

Company RONAY OTELCİLİK VE TURİZM
Location Sultanahmet · Istanbul · Turkey
Minimum Investment 3 Stakes — $81,822
Access Qualified Investors Only · NDA Required

Your information is strictly confidential and used solely to contact you regarding this investment opportunity.

RONAY OTELCİLİK VE TURİZM İŞLETMELERİ TİCARET ANONİM ŞİRKETİ Vergi Kimlik Numarası: 7351717931 · Registered in Turkey
Strictly Confidential · Qualified Investors