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YOTEL Tokyo – Image Credit YOTEL
- The Al-Bahar Group has acquired an additional 30% stake in YOTEL, increasing its total hold to more than 95%.
- YOTEL has announced its ambitious plan to double its global portfolio to 15,000 rooms by 2030.
The Al-Bahar Group, the majority shareholder of YOTEL, has increased its investment in the global hotel brand by acquiring an additional 30% stake. This move has raised the Group’s total stake in YOTEL to more than 95%. A controlled affiliate of Starwood Capital Group, a global real estate investment firm, previously held the additional shares.
YOTEL has grown substantially over the last 15 years. The company currently has a portfolio of properties located in prime regions around the globe and is financially self-sustaining.
Chairman of YOTEL and Al-Bahar Group, Talal Al Bahar, expressed his satisfaction with YOTEL’s progress over the years. He also acknowledged Starwood Capital for contributing to the company’s success and for being a strong partner for eight years. Al Bahar further highlighted that the enhanced investment signifies the Group’s confidence in YOTEL’s future.
YOTEL’s CEO, Hubert Viriot, applauded Talal’s vision and the additional investment, stating it not only endorses the company’s potential but also makes YOTEL more competitive and agile. This investment is expected to simplify the company’s structure and provide access to additional growth capital.
Tim Abram, Managing Director and Global Co-Head of Hotels at Starwood Capital, thanked the Al-Bahar Group for their partnership and congratulated YOTEL on its tremendous growth over the past eight years. Starwood Capital will remain a supportive partner of YOTEL, retaining ownership of two YOTEL properties.
In addition to the increased investment, YOTEL announced its plan to double its global portfolio to 15,000 rooms by 2030. The company’s growth strategy includes expanding brand awareness, franchise model, and distribution. The Al-Bahar Group will also make additional capital available for exceptional development opportunities.
YOTEL, with its headquarters in London, operates three brands: YOTEL (city centre hotels), YOTELPAD (extended stay option), and YOTELAIR (airport hotels). The company currently has 23 operating hotels across 16 cities globally, with an additional 11 hotels set to open within the next 24 months.
