TUI Sold Turkish Hotel Unit for $145 Million, Sabah Reports

TUI AG, Europe’s largest travel company, sold its three Magic Life tourist hotels in Turkey to an Ankara-based SA-RA Enerji AS for $145 million, Sabah reported today, citing SA-RA Chairman Sadi Turk.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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