Swissôtel Hotels & Resorts announced that it has entered into an agreement with Turkish developer Garanti Koza to manage Swissôtel KozaPark Istanbul, a new property being developed in the city’s fast-growing Esenyurt district.

Slated to open in 2019, the project will grow Swissôtel’s footprint in one of Europe’s leading travel markets while also strengthening FRHI’s presence in Istanbul; a dynamic city that includes the renovated Swissôtel The Bosphorus, newly opened Raffles Istanbul and the upcoming Fairmont Quasar, Istanbul, which is currently in development and expected to open in late 2016.

“Istanbul is one of the financial capitals of the world, a top destination for global travelers and a very important market for Swissôtel,” said Lilian Roten, vice president, Swissôtel Brand. “With the addition of a spectacular new hotel in the city and our planned opening in Bodrum later this summer, Turkey offers great potential for our hotel group and we are delighted with this opportunity to build on our existing presence in the market.”

Istanbul is the economic, cultural and historic heart of Turkey, and has been named a European Capital of Culture, with its historic center being deemed a UNESCO World Heritage Site. Travelers from around the globe flock to experience its vibrant energy and stunning architecture, as well as attractions like the Blue Mosque and the Grand Bazaar, among countless others.

Swissôtel Hotels & Resorts, www.swissotel.com