Yotel Opens Fifth UK City-Centre Hotel, In London’s Shoreditch
Main Photo: The Premium Queen room at the new YOTEL London Shoreditch
Date: June 2022
Name: YOTEL London Shoreditch
Location: Cambridge Heath Road, East London, England, UK
Number of Keys: 161
Seller: The site was formerly the East London hotel, opened in late 2018, by JMH Group/Definition Capital, led by Irfan Hussain and Marin Jakisic, for an investment of £38m
Buyer: Crestline Investors Inc. and Avelios Investors bought the hotel in October 2021 and will be managed by Michels & Taylor
YOTEL, a global hospitality brand appealing to those looking for a unique experience through awesome people, smart design, and the creative use of technology, announced today the addition of YOTEL London Shoreditch. The former East London Hotel will be re-branded as a YOTEL opened April 2022. This property marks the group’s fifth city centre hotel in the UK, the fourth franchise property, the second UK hotel conversion and the nineteenth hotel in operation globally.
The 161-room hotel, conveniently located in the heart of vibrant East London, on Cambridge Heath Road, already incorporates some of YOTEL’s minimalistic design features and facilities. As part of the conversion, the property will receive a light refurbishment to incorporate YOTEL’s signature design and technology features. Guests will be able to check-in in under a minute on self-service stations at Mission Control and will be able to use their mobile devices as SmartKeys.
The hotel is ideal for both business and leisure travellers, featuring several room types, from double and twins, to family and interconnecting rooms. Accessible via the high street and hotel lobby, the hotel also features its own beautifully designed bar, restaurant, and co-working space. YOTEL London Shoreditch is owned by Crestline Investors Inc. and Avelios Investors and will be managed by Michels & Taylor.
“Being able to secure two franchise deals in under three months is testament to the growing strength of the YOTEL brand and its increased relevance in delivering low-touch high-tech hospitality experiences,” said Hubert Viriot, CEO, YOTEL. “We’re delighted to be working with institutional partners Crestline and Avelios, which once again showcases YOTEL’s continued sophistication in working with established hotel owners and investors.”
“We are excited to be working with YOTEL as franchisor to our hotel and are looking forward to a successful and long-term partnership,” said Andrey Panna, Partner at Crestline Europe LLP. “YOTEL brings the right mix of fresh and innovative design coupled with a unique guest experience to the hotel,” said Guido Lang, CIO Avelios.
The hotel will be run under franchise by Michels & Taylor, one of Europe’s leading hotel management and advisory businesses. Peter Hales, Managing Director of Michels & Taylor Hotel Management, comments: “We are delighted to be running our first hotel under the YOTEL brand. The innovation and quality of the brand will add significant value to the hotel’s operation, and we look forward to working closely with all the YOTEL team in the coming years”.
Less than three minutes’ walk away from Bethnal Green tube station, the hotel is situated in a vibrant part of East London, home to many creative start-ups, media agencies, and entrepreneurs. The area is conveniently connected to the city centre, famous London landmarks, and leisure attractions through various transport links. It is well supplied with cocktail bars, urban wineries, and world-class restaurants. Guest staying at the hotel will be a short walk away from London Fields, Broadway Market, and Columbia Road.
“As with YOTEL Manchester, YOTEL London Shoreditch contributes to the more than 1,200 keys in our UK portfolio and is testament to the continuation of our hotel conversion strategy as well as our expansion plans in the UK and Europe whether through franchise or hotel management agreements. We are looking forward to emulating this strategy in other cities around the world,” continued Viriot.
The group currently has 19 hotels in operation worldwide, from San Francisco to New York, Amsterdam to Istanbul, and all the way to Singapore. The next YOTEL to open will be YOTEL and YOTELPAD Miami in spring 2022, followed by YOTEL Geneva later in the year.
Price: Undisclosed
THPT Comment: Yotel seriously going strength to strength, with this their latest city-centre hotel and showing their diversification from it’s origins as “a bed in an airport terminal”
First Seen: Yotel press release
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