Top Investments & Events in Melbourne 2019 Top Investment & Events in Melbourne 2019 | Page 5

YOTEL Melbourne will be a flagship property for YOTEL in Australia, featuring the brand’s latest
generation of cabins (YOTEL speak for rooms) all equipped with a SmartBed™ as well as YOTEL’s
signature KOMYUNITI spaces designed to allow guests to seamlessly switch between work and
play, with areas for co-working, informal meetings, relaxing and socialising, serving up everything
from flat whites by UK specialty roaster Workshop Coffee to signatre cocktails on the outdoor
terrace. The property will also feature a 24/7 gym and viewing deck with restaurant and bar.
“Over the past two years, we have been actively searching for the right locations and partners to
roll out our brands in Australia, a key market for our global expansion and a key feeder market
for our hotels in the US, Singapore and the UK. With solid market fundamentals and global
appeal, Melbourne is the perfect gateway to launch our first property in the country. Moreover,
we are delighted to enter the market with Cornerstone Partners Group, an international leader
in hospitality and real estate investments”, said Hubert Viriot, CEO of YOTEL.
YOTEL took the hotel industry by storm in Europe, the U.S. and Singapore thanks to its cleverly
designed cabins popular with both corporate and leisure travellers who appreciate quality,
technology, comfort and a sense of community, but don't need the fuss or price of a traditional
luxury hotel. The Company now intends to replicate its success in Australia with a fresh take on
the national hotel sector.