Alkoçlar Hotels Group, a 70-year-old hotel chain in Turkey owned by Ender Alcoclar, has not survived the pandemic. The network, founded in 1950, was declared bankrupt by a court for the second time.
The trial, according to Turkish media, began in 2018, when Alkoçlar Otelcilik AŞ, the operator of 3 hotels with a capacity of 1,400 seats, was summoned and invited by external management in 2018 in Istanbul. The arbitral tribunal of the first instance issued a court injunction. While the process continued, hotels in Bodrum and Alacati were closed. As a result, the report showed that the company was technically bankrupt.
The court hearing the case ruled that the company, which owed more than 60 million lire, went bankrupt. The company appealed the decision, this time as an appeal to the Istanbul Regional Court. On June 30, 2021, the Chamber overturned the decision of the local court. As a result, the case was returned to the Arbitration Court of First Instance. The court ruled on June 16 that the company was bankrupt. The case was referred to the Istanbul Bankruptcy Office for liquidation.
A farewell message signed by Ender Alkoçlar was published on the Alkoçlar website. In it, he recalls that Alkoçlar Hotels Group was founded in 1950 and since its inception has signed many of the first contracts as the oldest local and national hotel chain in Turkey. However, in 2020 the network decided to withdraw from tourism.
“Over the past 70 years, it has made large investments in the Turkish economy and promoted employment, attracting thousands of employees to the sector. We would like to thank our colleagues, managers, travel agencies who have supported us for many years, and all our local and foreign guests who have preferred us,” said the former owner of the network.