• Yotel to open up to 40 hotels

IFA Hotels and Resorts is reported to be planning to open between 30 and 40 hotels under the Yotel brand over the next five years.

The group is looking at locations in Europe and the US, as well as the Middle East and China. "Our plans are global for Yotel, so we are currently in conversations on a number of further projects in Europe, both in airports and in city centre locations, and we are in early conversations with potential partners in the Americas," said Joe Sita, the president of IFA Hotel Investments.

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