The famous hotel chain in Istanbul has closed down at 3 locations due to economic difficulties.

The last company affected by the economic crisis was Nova Plaza Hotels, which has 7 hotels in Istanbul. The famous hotel chain of the megacity announced that it will close 3 of its hotels starting from October 1st due to increasing operational costs.

In a statement from Nova Plaza Hotels, it was said, "As of October 1, 2024, our hotels Nova Plaza Park, Nova Plaza Taksim Square, and Nova Plaza Boutique will cease operations."

"WE WILL CONTINUE FROM WHERE WE LEFT OFF WITH 4 HOTELS AND 710 ROOMS"

Nova Plaza Hotels CEO Batuhan Aydoğdu made a statement regarding the closure decision on his social media account. Aydoğdu noted the following in his statement; "We had to say goodbye to our first loves that brought us to this point and the increasing operational costs as of today. I would like to thank all our team members who have worked hard until now.

After our temporary downsizing decision for healthier growth, we aim to grow even more with our projects that we are following both domestically and internationally in 2025 and 2026. For now, we will continue from where we left off with 4 hotels and 710 rooms. I would like to thank all our business partners who have never withheld their support until today."