YOTEL yanks in investment dollars

September 27, 2017 by  
Filed under EUROPE, Hospitality, News

LONDON, 27 September 2017: YOTEL announced, Tuesday, that a fund affiliated with Starwood Capital Group, has committed to making a strategic investment of USD250 million in YOTEL, including acquiring a 30% stake in the company.

Funds will be used to invest in real estate acquisitions for new build, hotel conversions and adaptive reuse properties as YOTEL expands internationally.

Starwood’s investment will enable expansion in Europe, North America and Asia. Read more