Dubai’s Jumeirah to Manage Istanbul’s Historic Pera Palace Hotel

Jumeirah Group LLC, the hotel-management company that operates Dubai’s sail-shaped Burj Al Arab, will start operating Istanbul’s historic Pera Palace Hotel, said Turkey’s Demsa Group, owner of the hotel.

Jumeirah and Demsa plan to hold a news conference March 19 to give details of the project, according to an e-mailed statement from Demsa, a luxury fashion company that has franchise rights to brands including Harvey Nichols.

Pera Palace Hotel was built in 1892 in Istanbul’s central Pera district to accommodate passengers on the Orient Express, according to its website.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE