Yotel to expand to Singapore with $250m strategic investment from Starwood

Starwood Capital Group has committed to invest $250 million for a 30 per cent stake in Yotel, a affordable hotel chain.

Currently, it operates four airport hotels under the Yotelair brand in London Gatwick, London Heathrow, Amsterdam Schiphol and Paris, Charles de Gaulle airports; and three city hotels in New York, Boston and Singapore.

Yotel Singapore, which will open on 1 October, will be its first hotel in Asia.

Talal Al Bahar, Chairman of YOTEL, said, “Starwood Capital Group’s investment validates the company’s strategy, provides strength and stability at a critical expansion stage and opens up new horizons for YOTEL to become the leading affordable luxury hotel brand.”

Cody Bradshaw, Managing Director, Head of European Hotels at Starwood Capital Group and Sarah Broughton, ‎Senior Vice President, Starwood Capital Group will join the YOTEL board of directors, alongside representatives of the company’s major shareholders including the Jassim Al-Bahar Group, IFA Hotels & Resorts, United Investment Portugal and Aqarat, which jointly own 65 per cent stake in the company.

This will see Yotel investing in real estate acquisitions for new buildings, hotel conversion and adaptive reuse properties as it expands its international footprint. Starwood’s investment and ongoing partnership with Yotel will enable a more rapid expansion, with an emphasis on Europe, North America and Asia.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.