YOTEL KEEPS MOMENTUM

ROLLING IN US , EUROPE

Rendering for a studio at Yotel Pad

Armed with a US $ 50 million commitment from investor Starwood Capital Group ( 30 % shareholder ) to use for operating guarantees and key money for conversions , London-based Yotel is poised to reach its goal of 50 properties by 2025 .

With 18 hotels and some 4,500 keys open today , and a pipeline of another 11 properties with almost 3,200 keys , Senior Vice President of Development & Technical Services Rohan Thakkar told HOTELS this week that the brand now has enough scale to more aggressively move into the franchising space , with its Yotel Pad extended-