W Hotels Worldwide announced plans for a new hotel in Istanbul. Starwood Hotels and Resorts Worldwide, Inc., the parent company to W Hotels, entered into a management agreement with Akaretler Otel Isletmeciligive Turizm A.S., a company controlled by Serdar Bilgili, a prominent Turkish businessman who will develop the property. The W Istanbul will complement the other four W hotels planned for this region, in Barcelona, Athens, Dubai and Doha.
