YOTEL Plans Major International Expansion
New York, NY – YOTEL has announced global expansion plans targeting key city centers and international airports in Asia, Europe and North America.
More than 3,000 cabins are scheduled to open by 2018, including YOTEL hotels in Singapore, Paris, Miami, San Francisco and a second property in New York City.
Initially conceived for busy international travelers at airport terminals, YOTEL’s concept proved highly successful in urban centers with the opening in 2011 of the 669-room YOTEL Times Square developed by the Related Companies, one of New York City’s most prolific developers.
Designed around the customer, YOTEL cabins deliver affordable luxury without the clutter through small but smart spaces, providing everything for a guest to relax, refresh, sleep and connect.
Typically located in easily accessible, fast upcoming neighborhoods, YOTEL hotels offer a sense of community as well as space for work and social gatherings, and provide an ever-improving guest experience.
In addition to New York, Miami and San Francisco, YOTEL is in advanced negotiations to operate new properties in Boston, Atlanta, Austin, Chicago, Los Angeles, Seattle and Toronto. Outside North America, the company is actively pursuing opportunities in Europe and Asia Pacific, in particular Dubai, London, Milan, Barcelona, Sydney and Hong Kong.
YOTEL’s next 3 locations to open in the U.S. are in Miami, Brooklyn’s Williamsburg and San Francisco’s Mid-Market neighborhood. New York-based real estate developer Synapse Capital is developing a 100,000 square foot mixed-use project along with 110 YOTEL cabins in the heart of Williamsburg, Brooklyn.
Together with IFA Hotels & Resorts and its partners, Synapse is also transforming the Grant Building at 1095 Market Street in San Francisco into a 200-cabin YOTEL hotel. YOTEL Miami is a 250-cabin hotel being developed by Aria Development Group in partnership with AQARAT (Kuwait Real Estate Company) in the heart of Downtown Miami.
In Europe, YOTEL is developing its fourth airport hotel at Paris Charles de Gaulle airport, which is due to open in mid-2016. The following year, YOTEL will open its first property in Asia with the launch of YOTEL Singapore on ultra-prime Orchard Road.
Developed by Singapore-listed Hong Fok Corporation Limited, YOTEL Singapore will feature 600 state-of-the-art cabins located at the heart of the city-state’s busiest commercial strip and steps away from all major tourist attractions.
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