Turkey’s deposit insurance fund has put the Babylon Town Hotel in Antalya’s Olympos area up for sale, with a guide price of 116 million Turkish lira (3 million USD) plus VAT.
The hotel is being sold together with its land, fixtures and equipment. The auction is set for 21 May 2026 and will take place at the TMSF building in Istanbul’s Sisli district.
The sale marks the formal start of a process involving Babylon Town Turizm Gida Sanayi ve Ticaret A.S., which TMSF has been managing as trustee. The fund says the package includes the hotel building, related plots and all movable assets inside the property.
The move adds one of Antalya’s better-known tourism properties to the market as Turkey’s tourism sector continues to attract investor interest. Olympos, in the Kumluca district of Antalya, is known for its natural setting and distinctive architecture, and the site is being offered as a complete transfer rather than as a bare property sale.
TMSF said bidders must pay a temporary deposit of 5.8 million Turkish lira in cash to take part in the auction. It said no other form of guarantee will be accepted.
The property is located in Yazir Mahallesi in Kumluca and the sale covers multiple registered parcels, including the hotel building on parcel 107 and additional land on parcel 110. The fund has set the auction as an open bid and open outcry process.
According to the tender conditions, the buyer will also cover all taxes, duties, fees and other legal costs linked to the sale and transfer. That includes VAT and other charges that may arise during the deal.
The hotel sale comes as Turkey continues to use TMSF-managed disposals to move assets back to the market. Such auctions can draw both domestic and overseas investors, particularly in resort areas with established tourism appeal.
By offering the hotel together with all machinery, equipment and furnishings, the fund is seeking a full handover of the business. That approach can make the property more attractive to buyers looking for an operational tourism asset rather than a simple real estate purchase.
The 116 million lira valuation sets the tone for the auction, which may test appetite for hospitality assets in southern Turkey. The result will depend on whether investors see long-term value in the property, its location and the wider tourism prospects of the region.
