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First Yotel for Australia

Yotel will make its debut in Australia with a 244-room hotel in Melbourne's Southbank.


Key points:

  • 244-room Yotel for Melbourne's Southbank

  • Space efficient hotel set to open 2022

  • Will be first Yotel in Australia


Yotel has made its debut in Australia with a 244-room hotel in Melbourne's Southbank, set to open 2022.


The development is a partnership with Malaysian hotel owner and developer Cornerstone Partners Group.


Yotel chief executive Hubert Viriot said the price point will be around $140 to $180 a night, a 20% premium on budget hotels, and a 20% discount on upscale ones.


He also said Yotel was serious about Australia and was looking for development sites in Sydney and Brisbane.


The British-based company shareholders include the Talal Jassim Al-Bahar Group, Starwood Capital Group and United Investment Portugal. ,