It opened on 23 May 2009 and was attended by Mariah Carey, Kendall Jenner, Sharon Stone, Richard Gere,

Monica Bellucci, Paris Hilton, Seal, Tom Jones and Kazakhstan's President Nursultan Nazarbayev. Some football clubs such

as Shakhtar Donetsk and Steua Bucharest, in 2011 and 2012 respectively, were guests of honour.The teams

held their training camps in Antalya at the invitation of Telman Ismailov, who supported all costs. The corporate

identity and website for the hotel was created in Dubai by Brash Brands, receiving an International Design Award.

In December 2018, it was announced that Titanic Hotels, whose properties include Beach Lara and Deluxe Belek, would acquire the hotel.

It is not confirmed when the hotel will open. The alleged cost of Mardan Palace is 1.4 billion. It has the largest Mediterranean

used in the construction of the hotel.At the end of 2015 the hotel was sold to Halkbank for just $124 million.