Izak Senbahar, Alexico Group LLC:Product Is Everything
Alexico Group LLC (Alexicogroup.com) is a real estate development firm based in New York with a portfolio of projects including The Mark Hotel, The Laurel, 165 Charles Street, and 56 Leonard. Alexico Group partners, Izak Senbahar and Simon Elias, collectively have more than 50 years’ experience in development, construction, ownership, and management of Manhattan real estate. They are recognized leaders in their field with a portfolio that has included some of New York’s most prestigious properties.
- Published in Businessman
By Renee Bonorchis - Standard Bank Group Ltd. (SBK) sold 53 percent of its Turkish broker and investment bank as Africa’s largest lender focuses on markets closer to home. That cut its stake in Standard Unlu to 25 percent, the Johannesburg-based bank said today in a statement translated from Turkish. The shares were bought by Turkish businessman Mahmut Unlu, who raised his shareholding to 75 percent. The statement didn’t say how much he paid.
Ecuador’s Minister of Petroleum, Energy and Communications Jorge Glas Espinel called on Turkish businessmen to invest in Ecuador while speaking at the Turkey-Ecuador Commerce & Investment Forum in Istanbul March 16. 
A member of Saudi Arabia’s ruling family plans to invest $300m into a Turkish hotel chain, a newspaper report has claimed Bander bin Fahd al-Fehaid, who is also chairman of the Arab Tourism Organisation (ATO), will invest the cash into the ‘My Tuana’ chain, eventually taking the number of its hotel properties in Turkey to 20, according to Hurriyet Daily News. Turkish businessman Mehmet Yücel, who is reportedly al-Fehaid’s partner in the scheme, told the paper that a deal for four hotels has been agreed, while talks for another seven properties were progressing.
