Starwood Capital Group to Acquire Stake in Yotel

By Paul Riegler on 26 September 2017
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DSC_3287Yotel, the high-tech hotel operator known for its small rooms, announced that Starwood Capital Group, a private investment firm, is investing in the company.

Starwood Capital will invest $250 million in the hotelier and receive a 30% stake in the company. It will also help Yotel grow and expand internationally.

“This strategic partnership and investment highlights Starwood’s longstanding passion and commitment to invest in innovative hospitality platforms,” said Barry Sternlicht, CEO of Starwood Capital Group.

Yotel said it is focusing on expanding its footprint in Europe, North American, and Asia.

This year, the company has already opened hotels in Boston and San Francisco. In addition, a Yotel in Singapore is scheduled to open on October 1.

(Photo: Accura Media Group)

Accura News

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