September 10 (SeeNews) - Turkish companies TSKB GYO [BIST:TSGYO] and Bilici Yatirim [BIST:BLCYT] said on Tuesday local firm Kart Insaat Dekorasyon has won a tender for finishing and electro-mechanical works on their joint hotel construction project in the southern city of Adana.
Bilici Yatirim-TSKB GYO Adana Otel Projesi Adi Ortakligi, a 50/50 joint venture between TSKB GYO and Bilici Yatirim, awarded the contract for the works, real estate investment trust TSKB GYO and diversified company Bilici Yatirim said in separate statements filed with Borsa Istanbul.
Kart Insaat Dekorasyon provides construction and decoration works.
The five-star business hotel, Divan Adana, will have around 200 rooms and will be managed by Turkish-based hotel group Divan Group.
TSKB GYO is controlled by investment and development bank Turkiye Sinai Kalkinma Bankasi.
Bilici Yatirim is active in the yarn production, weaving, energy, real estate and tourism sectors.