Turkish Billionaire Looks for Buyers for Luxury Hotels in Europe – Bloomberg

Turkish billionaire Ferit Sahenk’s Dogus Holding AS is seeking buyers for luxury hotels across southern Europe, including the Capri Palace, according to people with knowledge of the matter.

As it restructures its debt, the group — which also owns restaurant chains including Zuma and Nusr-Et, best known for its founder chef’s meme “Salt Bae” — is also talking to prospective buyers for Villa Dubrovnik, Madrid’s Hotel Villa Magna and Rome’s Aldrovandi Villa Borghese Hotel, said the people, who asked not to be identified because the discussions are private.

It’s likely that these trophy properties, some of them formerly owned by wealthy families, will be sold individually rather than as a portfolio, one of the people said. Potential buyers include high-net-worth individuals from Portugal, Spain, Italy, Asia and the Middle East, some of the people said.

The firm is also seeking buyers for the Grand Hyatt in Istanbul, another person said. A Dogus representative declined to comment.

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