After starting off small in a couple of UK airports before moving onto a massive operation in Times Square, Yotel is now ready to take their stylish hotel rooms aka "cabins", mood lighting and lovable Yobot nationwide.
The company has partnered with The John Buck Company (as well as with IFA Hotels & Resorts and the Kuwait Real Estate Company) to raise $250 million discretionary private equity fund with the goal of acquiring and developing more than $650 million worth of Yotels in North America over the next three to five years.
Cutting through all that mumbo-jumbo, this simply means: there are more Yotels coming including plans for a Yotel Boston and a Yotel Chicago. Ohhhh yeaaahhh.
Of course, we're dying to know exactly where these two new Yotels will open but alas, it's too early to tell. Still, Yotel's looking at many different possibilities for hotels including condos in mixed-used development projects, non-traditional hotel buildings that could be converted to a Yotel and existing hotels that could be converted.
Hey there, last we checked Hotel Sax in Chicago was in need of a new parent. Interested, Yotel?
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