Kaya announce first London hotel acquisition

International news
Turkish hotel group Kaya Tourism Group has acquired the historic Grade II-listed Great Northern Hotel in King’s Cross. The acquisition of the 88-bedroom Great Northern Hotel is Kaya Tourism Group’s first London property and marks the beginning of the company’s expansion into the UK and the wider European market.

Kaya Tourism Group is part of Kaya Holding, which owns and operates 13 hotels in Turkey and Cyprus, across its two brands – Kaya Palazzo Hotels & Resorts and Kaya Hotels & Resorts.

Kaya Tourism Group is looking to strengthen the existing F&B offering to provide comprehensive service to King’s Cross, St Pancras passengers and those living in the surrounding area.

Burak Kaya, Chairman of the Board – Kaya Holding said of the acquisition: “We are delighted to have made our first international hotel investment in London. Great Northern Hotel is located in one of the capital’s most successful regeneration developments and is right next to St. Pancras station, the only railway connection from the UK to Europe. We are proud to be the first Turkish tourism company to make such a significant hotel investment in the UK and believe this investment will strengthen mutual tourism relations between Turkey and the UK. We are actively considering next options for further expansion into Europe.”