Archive for the Yotel Category

Yotel secures $250m investment from Starwood Capital Group

Hotel chain Yotel has secured a $250m (£186m) investment from Starwood Capital Group for a 30% stake in the company. The funds will be invested into real estate acquisitions for new builds, hotel conversions and adaptive reuse properties as Yotel sets to expand on an international scale, with specific focus on Europe, North America and Asia. It also will help Yotel strengthen its brand identity and enhance its innovative guest experience. Starwood have already secured city centre sites in Edinburgh, Glasgow and Amsterdam which are expected to open as Yotels by 2019. Cody Bradshaw, managing director, head of European hotels

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