Donald Trump and Tevfik Arif have more than Trump SoHo in common; they are both investors and enjoy vacationing in Turkey. Arif owns Turkey’s Labada Hotel Antalya, and Donald Trump constructed the Trump Towers Istanbul.
Turkey’s fortunate draw of two real estate moguls Donald Trump and Tevfik Arif has proven to be a wise decision for them. Fascinatingly, their paths have since intertwined in ways few would’ve anticipated!
It comes as no surprise that this country is now brimming with investment opportunities. And for anyone who wants to get ahead financially, Turkey merits serious consideration.
How Tevfik Arif and Donald Trump Rose to Power: The Bayrock Group & Soho Building
The story of business mogul Donald Trump and Turkish investor Tevfik Arif is one filled with mutual connections and investments. The two have a shared history that began with the creation of the Bayrock Group in New York City.
For 17 years, Tevfik Arif served the USSR’s commerce and trade ministry. Although many people know he has been in the business world for a long time, not everyone knows his stratospheric success.
He started his career in the USSR’s commerce and trade ministry as a fresh graduate, eventually rising to the position of Deputy Director of the department responsible for hotel management. After the Soviet Union fell in 1999, Arif left his job to start a minerals and metal export-import business.
However, he soon found himself working as a ground-handling agent for the Trans World Group in Kazakhstan. However, his heart wasn’t in it, which explains why he migrated to Turkey in 1993 to work on family business interests.
This time, he diversified his investments, getting into hotels, car dealerships, and energy trading. Even though he had done business in Turkey for eight years, enjoying significant success, Arif was discontent and sought more growth, and recognition.
He also yearned to spend time with his American family. Consequently, in 2001 he relocated to New York. Here, he established the Bayrock Group, a global real estate development company specializing in luxury residential and commercial ventures.
The company initially took on medium-scale projects in Brooklyn and later renovated Loehmann’s Seaport Plaza. Arif thought it was time to shoot for the stars when the company started taking on more major commitments.
So, he relocated the company’s office to Trump Towers, one of the city’s most prime and iconic properties. After that, a prosperous business relationship occurred between the two men, eventually resulting in numerous great projects.
The Trump-Bayrock collaboration began with the 46-story condominium-hotel, Trump SoHo, located in Manhattan. The Soho building, or The Dominick, was Bayrock and Arif’s first big success.
Trump and Arif’s Mutual Interest in Turkish Real Estate
The business world quickly knew Trump and Arif as the dynamic duo, especially after they developed the 72-story Trump International Hotel and Tower in Fort Lauderdale. In addition, they completed some dazzling real estate ventures in Arizona, Florida, and Europe.
However, they ended their working relationship after the 2008 housing market crash and global financial crisis. Trump and Arif are still highly regarded as the two most influential real estate moguls who saw significant growth during their partnership.
However, what interests real estate investors and researchers the most is that Donald Trump and Tevfik Arif share an interest in Turkish real estate. Notably, Tevfik Arif owns the luxurious 5-star Labada Hotel in Antalya.
Among the many esteemed holiday resorts in Turkey, the hotel proudly boasts a fantastic location with a picturesque view of the Mediterranean Sea. In addition to having direct access to a private beach, guests can enjoy multiple pools, a spa, and other luxurious amenities during their stay.
It’s, therefore, really not a surprise that Labada is such a popular destination for celebrities and wealthy travelers. On the other hand, Trump owns two lavish towers in Istanbul; one is used as a residence, while the other is used as an office space.
The complex, standing at 150 meters, includes a multiplex cinema, 200 residences, and an 80-shop mall. Some of Trump’s friends, mostly wealthy business people from Europe and the Middle East, live in the towers.
It is easy to see that both men were attracted to the country for similar reasons: an expanding economy, a thriving real estate market, and a convenient location. And overall, it’s safe to say that their decision has been beneficial for both of them. It is also interesting to note that the two men share more than just finances; they both have a love for sailing yachts across Turkish waters.
Tevfik Arif and Trump prefer Turkey as one of their Yacht Sailing Destinations
Turkey is a top yacht sailing destination for those looking for an adventure. With its lovely coastline, tranquil waters, and lack of waves, the Turkish Riviera is an ideal sailing spot. Both men have recently been seen sailing their yachts there.
This coastline is a popular destination for celebrities, business people, and royals from all over the world. It stretches from the city of Antalya to the Greek Islands. And not just that. Sailing in Turkey has many advantages. For example, you can:
- Travel back in time and explore ancient sites like Knidos, the statue of Aphrodite, and the temple ruins in Didyma
- Experience delicious, authentic Turkish food with a superior collection of wines
- Enjoy the long sailing season by planning ahead! A typical sailing season lasts from April to November, so be sure to plan accordingly
- If you’re feeling adventurous, try sailing from Bodrum to Antalya, even if you have no prior experience
- Those who love nature can find beauty in many places, from beaches to mountains.
Overall, you can expect a great sailing experience in Turkey. The coastline is breathtaking, with crystal-clear water with lots of sunny days.
In addition, the food is outstanding, and there are plenty of activities to keep you occupied. It doesn’t really matter whether you enjoy sailing, swimming, sunbathing, or exploring the coastline. You’re guaranteed to have an enjoyable time.
Both Trump and Arif are perfect examples of this. They have been sailing their yachts around the Turkish Riviera and taking in the beautiful sights. And now we understand why they have such an affection towards Turkey!
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