Why Hyatt Is Expanding in Turkey

Hyatt (NYSE: H) announced on Monday that one of its affiliates has inked a franchise agreement with Turkey-based hotel developer Orjin Group to open a 161-room property in Izmir, Turkey, under the Hyatt Regency flag in 2021. This will be the global hotelier's first branded property in the tourist destination on Turkey's Aegean Coast.

The hotel, which will be named Hyatt Regency Izmir Istinye Park, will overlook the Gulf of Izmir, and feature 21,500 square feet of flexible event space aimed at both business and leisure travelers.

Image source: Getty Images.

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Source Fool.com