YOTEL receives $250m investment from Starwood Capital

Martha Elwell Martha Elwell Uploaded 26 September 2017

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US: leading global private investment firm confirms substantial YOTEL investment

A fund affiliated with Starwood Capital Group has committed to making a strategic investment of $250 million in YOTEL.

Starwood will acquire a 30 percent stake in the company. Its money will go to real estate acquisitions for new building projects and hotel conversions.

The investment will help YOTEL as it looks to expand its international scale. It has a focus on expanding in Europe, North America and Asia. Starwood have already secured city centre sites in Edinburgh, Glasgow and Amsterdam which are expected to open as YOTELs by 2019.

Barry Sternlicht, Chairman and CEO of Starwood Capital Group, said: "This strategic partnership and investment highlights Starwood's longstanding passion and commitment to invest in innovative hospitality platforms. YOTEL is an exciting brand focused on technology, smart design and a distinct guest experience at an affordable price, which is the right strategy amid the current wave of digital disruption. YOTEL has global appeal and can be easily scaled up with key strategic acquisitions and developments in desired city centre and airport locations."

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