Portuguese investment group joins YOTEL board

Carlos Leal, general manager at United Investments Portugal (UIP), has been named a board member of international hotel chain YOTEL, known for its futuristic capsule-like lodgings.

“It is with great pride that I have become a member of the administration of the YOTEL group, and will participate directly in the expansion strategy planned for this innovative hotel chain,” Leal said.

UIP is part of the group of YOTEL’s majority shareholders alongside the Al-Bahar Group and IFA Hotels & Resorts, and is better known as the owner of the Pine Cliffs Resort in the Algarve and the Sheraton Cascais Resort.

YOTEL is a hotel chain that operates in several airports, including London Gatwick, London Heathrow, Paris Charles De Gaulle and Schiphol, as well as in New York City and Boston.

It is described as “a city centre and airport hub hotel concept, a radical, design-led experience for all”.

Recently, the Starwood Capital Group, a partner of YOTEL, announced a €210 million strategic investment in the hotel chain, including “acquiring a 30% stake in the company and investing in real estate acquisitions for new build, hotel conversion and adaptive-reuse properties as YOTEL expands its international scale”.

“Starwood’s investment in, and ongoing partnership with, YOTEL will further enable YOTEL’s rapid worldwide expansion, with a specific focus on Europe, North America and Asia,” said a company statement.