TURBAN TURİZM A.Ş.
COMPANY NAME | TURBAN TURİZM A.Ş. |
COMPANY ADDRESS | Karanfil Sokak No : 32, Kizilay, Ankara |
COMPANY TEL. / FAX | (312) 418 28 36, (312) 417 41 92, Fax : (312) 425 53 27 |
GENERAL MANAGER | Aydin BASKIN |
SECTOR | Tourism |
TAKEN INTO PRIVATIZATION PORTFOLIO | 30 April 1987 |
CAPITAL (PAID) | 8.925 billion TL |
SHARE HOLDING STRUCTURE | 100 % Privatization Administration |
NET SALES (1998) | 1,560 billion TL |
NET SALES (AS OF 30.8.1999) | 1,112 billion TL |
NET PROFIT / LOSS (1998) | (1,004 billion TL) - Loss |
NET PROFIT / LOSS (30.08.1999) | (1,422 billion TL) - Loss |
NUMBER OF EMPLOYEES | 540 permanent, 180 temporary |
MARKET SHARE | |
PRIVATIZATION METHOD | Transfer of management rights and asset sale of service facilities |
SUMMARY OF PRIVATIZATION IMPLEMENTATION | Istanbul Congress Palace, Cesme Hotel and its annexes, Kemer Marina Hotel, Ilica Motel, Elmadag Auberge, 2 lands in Istinye, Akcay Holiday Resort, Bodrum, Kusadasi and Kemer Marinas have been privatized during 1991-1999 period. Turban withdrew from the operations and administration of Amasya, Samsun, Corum, Erciyes, Urfa and Adalya Hotels, Kaleici Marina, Gumuldur and Marmaris Holiday Resort and Beldibi and Belek tourism establisments. Tender announcement for the block sale of Abant Hotel, Carlton Hotel's land and a land in Akcay has been published on September 29, 1999. No bids were received for Akcay's land and tender was annulled. Highest bid for Abant Hotel was given by Em-Sel Ins. Tur. San. as USD 10.2 million and for Carlton Hotel's land by Toprak Seramik San. as USD 15.6 million. Sale of Carlton Hotel's land has been approved by the PHC. Preparatory work for privatization of the remaining assests and premises are continuing. Remaining assests and premises of the company Premises: 1. Kilyos Motel 2. Tourism Agencies 3. Yalova Thermal Facilities Real Estates: 1. Building in Kusadası 2. Istanbul Atik Pasalar Palace Affiliated Companies and Turban’s share: 1. North Cyprus Turkish Tourism 49 % 2. Antalya Infrastructure Works 1 % |
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