Bank Of Baku

Russia’s richest man to build “seven star” hotel in Turkey

Russia’s richest man to build “seven star” hotel in Turkey
# 29 May 2009 13:10 (UTC +04:00)
Ankara – APA. After Telman Ismayilov, Russian businessman will build a luxury hotel in Turkey, APA reports quoting the Hurriyet newspaper. Russia’s richest man plans to construct a “seven star” hotel in 184,000 sq m area in Cheshme (Izmir), one of the tourism centers of Turkey. Head of Cheshme municipality Faig Tutuncuoglu said Prokhorov bought the area for $17 million in 2007 and got permission from all state bodies to build a hotel.

Mikhail Prokhorov, 44, is the president of private investment fund, Onexim Group. According to the calculations of the Forbes, his fortune was estimated at $22.6 billion before the crisis. After the crisis it dropped by $9.5 billion.
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