C-paces

What C-paces does

C-paces Group is a privately held Turkish hospitality company headquartered in Istanbul that operates as an umbrella brand for a portfolio of curated social spaces, restaurants, cafés, and event venues. The company was founded in 1998 (per company history) and currently operates 7+ sub-brands across Istanbul's most prestigious locations, including Feriye (Bosphorus waterfront at Ortaköy), dekk maçka (2,500 m² open-air venue near Maçka Park), dekk Akmerkez (year-round Akmerkez shopping center location), Madera (open-fire concept), Restoran Modern and Cafe Modern (within Istanbul Modern museum), Cream&Sugar (specialty café), and Eggstation (egg-based concept). Feriye is listed in the Michelin Guide 2023/2024 and Gault & Millau and was named by The Times as one of the world's 11 best restaurants.

C-paces generates revenue through three primary streams: (1) food and beverage sales from owned and operated restaurants and cafés via dine-in, takeaway, and private dining; (2) event venue rental across the Feriye compound (spaces ranging from a 10-person private dining room up to the 850-guest Park Feriye open-air area), Maçka and Akmerkez venues, accommodating corporate meetings, weddings, launches, concerts, and conferences; and (3) exclusive catering services, including as the designated catering partner for Lütfi Kırdar International Convention and Exhibition Center (ICEC) and Istanbul Modern museum. Customer segments include affluent individual consumers, corporate and event organizers, and cultural institution patrons. Pricing is not publicly disclosed; all bookings are handled on a quote basis.

The company positions itself as one of Turkey's largest food and beverage operators and pursues a strategy of building a multi-brand hospitality ecosystem under the C-paces umbrella. Distribution is entirely through owned physical venues within Istanbul; no delivery, e-commerce, or third-party channel is operated. The company is privately held with no disclosed venture capital or private equity backing, appears to be founder or family-owned, and has no public listing. No financial figures (revenue, headcount, funding) have been disclosed in the source material.

Name

C-paces

Legal name

C-paces Group

Website

https://c-paces.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

C-paces Group is a privately held Istanbul-based hospitality company operating an umbrella portfolio of premium restaurants, cafés, and event venues (Feriye, dekk, Madera, Cream&Sugar, Restoran Modern, Cafe Modern, Eggstation) across Istanbul's most prestigious locations, serving affluent consumers, corporate event clients, and cultural institutions including Istanbul Modern and Lütfi Kırdar ICEC.

Ownership category

akta.pro rank

Product category

Hospitality Services

NAICS

Full-Service Restaurants (722511), Caterers (722320), Restaurants and Other Eating Places (72251)

SIC

Retail-Eating & Drinking Places (5810), Retail-Eating Places (5812)

akta.pro primary industry

Special Occasion & Destination Restaurants (THAFACAK)

akta.pro secondary industries

Venue & Facility Reservations (Private Rooms, Event Spaces) (HSACALAJ), Catering Coordination & Bar Service Management (Non-restaurant) (HSACAAAH)

Keywords

• Fine dining restaurants
• Event venue management
• Catering services
• Hospitality group
• Café operations

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Food & Beverage Sales: Revenue from operating owned and sub-operator restaurant and café brands including Feriye, Madera, Restoran Modern, Cafe Modern, Cream&Sugar, Eggstation, and dekk across multiple Istanbul locations. Sales are generated through dine-in, takeaway, and private dining.
2. Event Venue Rental: Rental income from multi-purpose event spaces at Feriye (Ortaköy), dekk Maçka (2,500 m² open air), dekk Akmerkez, and Madera. Venues accommodate corporate meetings, gala dinners, weddings, launches, concerts, and conferences with configurable seating layouts ranging from 10 to 850 guests.
3. Exclusive Catering Services: C-paces provides high-capacity catering services at all its locations and serves as exclusive catering partner for third-party venues including Lütfi Kırdar Kongre Merkezi and Istanbul Modern, generating catering revenue from corporate events, galas, and large-scale functions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

C-paces Group operates curated social spaces across Istanbul's most iconic locations as an umbrella hospitality brand. The company runs multiple owned restaurant and café brands (Feriye, Madera, Restoran Modern, Cafe Modern, Cream&Sugar, Eggstation) and open-air event venues (dekk Maçka, dekk Akmerkez), offering fine dining, casual dining, and event venue rentals. It also provides high-capacity catering services as exclusive catering partner for third-party venues including Lütfi Kırdar ICEC and Istanbul Modern museum.

Product overview

C-paces Group is a hospitality company operating as an umbrella brand that creates living and experience spaces beyond traditional food and beverage offerings. The portfolio includes restaurant and café sub-brands (Feriye, Madera, Restoran Modern, Cafe Modern, Cream&Sugar, Eggstation), lifestyle/event venues (dekk maçka, dekk Akmerkez with its üçgen teras), and extensive event spaces at the Feriye compound (including Boğaz Feriye, Yalı Feriye, Rıhtım Feriye, Sinema Feriye, Fuaye Feriye, Galeri Feriye, Hol Feriye, Cam Salon, Bar Feriye, Chef's Table, and Private Dining Room). The company also provides high-capacity catering services through exclusive partnerships with Lütfi Kırdar ICEC and Istanbul Modern. C-paces positions itself as a creator, organizer, and curator of experience and socialization centers, targeting to become one of Turkey's largest food and beverage operators.

Differentiator

Problem solved

Functional benefit

Brands

• Feriye: Iconic restaurant and event venue at Feriye Palace on the Bosphorus, featuring in Michelin Guide and Gault & Millau, recognized by The Times as one of the World's 11 Best Restaurants
• dekk
• Madera
• Cream&Sugar
• Restoran Modern
• Cafe Modern
• Eggstation

Products and services

• Feriye Historic fine dining restaurant and event venue located at Feriye Palace on the Bosphorus shore, listed in the Michelin Guide 2023/2024 and Gault & Millau, and named by The Times as one of the world's 11 best restaurants. Functions as both a restaurant and a venue for corporate events, weddings, and celebrations with multiple rentable indoor and outdoor spaces.
• Madera Open-fire concept restaurant featuring seasonal products and creative meat dishes, included in the Gault & Millau guide. Offers an 'Until You Say Stop' (Dur Diyene Kadar) experience menu, with open terrace, indoor area, private dining sections, and cave-concept seating suitable for groups and celebrations.
• Restoran Modern

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Lütfi Kırdar Kongre Merkezi (ICEC – Istanbul Lütfi Kırdar International Convention and Exhibition Center)coreStrategic or Co-development PartnerC-paces serves as the Event and Exclusive Catering Partner for the Istanbul Lütfi Kırdar International Convention and Exhibition Center, one of Istanbul's premier convention and exhibition venues. C-paces provides all food & beverage catering services for events hosted at the venue, including corporate conferences, galas, exhibitions, and large-scale functions.
• Istanbul Modern (Türkiye's First Modern Art Museum)coreStrategic or Co-development PartnerC-paces serves as the Event and Exclusive Catering Partner for Istanbul Modern, Türkiye's first modern and contemporary art museum. C-paces also operates the on-site restaurant (Restoran Modern) and café (Cafe Modern) within the museum, providing a complete hospitality experience for museum visitors and private event attendees.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Zuma: Global premium restaurant brand serving modern Japanese cuisine in landmark locations worldwide, with both restaurant and event/buyout programming. Comparable in its destination-dining positioning and reliance on iconic urban real estate.
• Nusr-Et (Salt Bae): Turkish-origin luxury steakhouse brand expanding globally. Comparable as a Turkish-rooted premium dining brand building international recognition; competes for similar high-spend clientele and event bookings in Istanbul.
• Soho House: Global operator of curated members-only social spaces with integrated restaurants, bars, and event programming. Highly comparable concept model — multi-brand 'living spaces' combining gastronomy, cultural programming, and private events under an umbrella brand.
• D.ream (Doğuş Group): Multi-brand Turkish restaurant and events operator under Doğuş Group, operating venues across Istanbul's premium districts. Closest direct competitor to C-paces given overlapping F&B portfolio, event capabilities, and city footprint.

Broad incumbents

• Four Seasons Hotels and Resorts: Global luxury hospitality with premium restaurant, bar, and event programming. Comparable on high-end guest experience, culinary prestige (Michelin-affiliated chefs), and venue-led events.
• Jumeirah Group: Luxury hospitality group operating premium hotels with destination restaurants, event venues, and catering. Overlaps with C-paces across upscale F&B and large-scale event hosting, though at hotel-anchored rather than stand-alone venues.
• Mandarin Oriental Hotel Group: Global luxury operator with award-winning destination restaurants (Michelin-listed) and event spaces at flagship urban and resort locations. Comparable in culinary reputation and event capability, though embedded in a hotel operating model.

Emerging players

• The Standard Hotels: Boutique lifestyle hotels with strong F&B, bar, and event programming in gateway cities. Comparable cultural-curation playbook to dekk and Restoran Modern, on smaller individual venue scale.

Regional players

• Çırağan Palace Kempinski Istanbul: Historic Bosphorus-front luxury hotel operating fine dining restaurants and event venues in Istanbul. Directly comparable as a high-end Bosphorus venue with overlapping luxury dining and Bosphorus-events target market.
• Raffles Istanbul: Luxury hotel operating upscale restaurants and event venues in Istanbul, including over Bosphorus-adjacent zones. Comparable as a competing operator of premium dining and large-scale corporate events targeting the same Istanbul clientele.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/c-paces
• Instagraminstagram.com/cpaces_

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about C-paces