Singapore: Yotel has announced plans to open a 600-room property in Singapore in 2018.
The management agreement for the Orchard Road property has been made with Yat Yuen Hong Company Limited, a wholly owned subsidiary of Hong Fok Corporation Limited.
Gerard Greene, co-founder and CEO of Yotel, said: “Given Yotel is heavily inspired by Asian culture, it is fantastic that we are launching such an iconic project as our first in Asia. The location is one of the best in Singapore and we have fantastic partners in Hong Fok Group, who share our vision. Yotel will bring a unique hotel experience to Singapore. It’s a perfect time for the city to embrace a new and exciting brand, a first for Singapore and the launch of affordable luxury for the hotel scene in Asia.”
“We’re very excited to announce our first project in Asia for Yotel, the Singapore hotel will be a launch pad for our brand to expand to major cities and airports throughout Asia,” said Joe Sita, CEO, IFA Hotel Investment.