Fairmont Hotels & Resorts has unveiled plans for a new development that includes a luxury hotel, spa and branded residences in Istanbul, Turkey that will open in 2016.

The 210-room hotel will be joined by branded residences and is part of the Quasar Istanbul complex, a new mixed-use development in the Sisli district.

The Quasar Istanbul complex will comprise of two 41-storey towers that will sit above a four-storey office podium with fitness facilities and luxury retail stores. The towers will house a Fairmont Hotel and Fairmont Residences as well as Quasar Residences and offices, which will be managed by Fairmont.

The hotel will feature Fairmont Gold, the brand's hotel within a hotel lifestyle offering, a Willow Stream Spa, a number of lounges and several restaurants and 21,528 sq ft (2,000 sq m) of function space.

The two residences are whole-ownership, private homes and will offer studios, one-and two-bedroom apartments and three-bedroom duplexes. While in residence, owners will have access to dining, spa and fitness, meeting facilities, hotel guestrooms and more.

The project is being developed through a joint venture between Fairmont Hotels & Resorts and Geneva-based real estate company Viatrans - Meydanbey.

The hotel will be located adjacent to the former Mecidiyeköy Liqueur and Cognac Factory, which was designed in the1930's by renowned French architect Robert Mallet-Stevens.

Jennifer Fox, president, Fairmont Hotels & Resorts said Istanbul is an exciting, dynamic city that will appeal to leisure and business guests.

"As well as complementing our other developments in the region, it is very exciting to be partnering with Viatrans on this amazing project blending hotel, residential and community space."