28.04.2026 12:11
While it is claimed that the Les Ottomans Hotel on the Bosphorus has filed for a new concordat, businessman Ünal Aysal has denied these reports. Aysal stated that there is no new application and that the process is ongoing. Meanwhile, the hotel's accommodation, SPA, and restaurant services have been temporarily suspended, with the facility remaining open only for events.
It has been claimed that Les Ottomans, one of the most valuable hotels on the Bosphorus, has filed for another concordat application. According to reports in the press, after the previously rejected application, the company has reportedly gone back to the Istanbul 3rd Civil Court of First Instance.
APPLICATION CLAIM AND COMPANY DETAILS
According to reports, the application was made through Kalamos Tourism Inc., which is affiliated with Luxembourg-based Universal Luxembourg Group SA, part of Unit Investments SA owned by former Galatasaray President and businessman Ünal Aysal.
AYSAL: NO NEW APPLICATION
Responding to the allegations, former Galatasaray President Ünal Aysal denied the reports of a concordat application. Aysal stated, "Our company has not made a new concordat request. The previously filed lawsuit process is ongoing."
Aysal also stated that the lawsuits related to Les Ottomans are at the Supreme Court of Appeals stage and that the company has no defaulted debts.
HOTEL OPERATIONS SUSPENDED
Meanwhile, the hotel's official website includes information that accommodation, SPA, and restaurant services have been suspended "temporarily." It was stated that the facility is only serving for pre-planned invitations and events.