Yotel is to operate a new hotel in the Portuguese city of Porto from next year.
The property will feature 147 ‘cabins’ with space-saving adjustable beds, ensuite bathrooms, mood lighting and HD TVs that can be connected to guests’ devices.
The group is actively looking for other opportunities in the Iberian Peninsula, focussing on major cities like Lisbon, Madrid and Barcelona.
Yotel Porto will inject new life into vacant office space, similar to projects the company has in Edinburgh and San Francisco.
The hotel will be located on Rua de Gonçalo Cristovao, adjacent to the city’s business district.
The development follows unspecified investment from owner United Investments Portugal, a luxury real estate developer.
Yotel CEO Hubert Viriot said: “We are thrilled to launch our first hotel in Portugal in Porto, home to many of the largest Portuguese corporations and the gateway to the Douro Valley and the northern Portuguese regions.
“Having grown in double digits for three successive years, Porto’s hotel market has demonstrated its strength and aptitude to attract an increasingly-wide variety of demand. Strong economic growth, new airline routes and numerous international events are expected to continue delivering demand to Porto, driving higher rates and occupancy levels.
“As a tech-driven brand, Yotel Porto will deliver extraordinary value and innovative design in a market dominated by traditional hotels, far off from modern travellers’ needs and expectation.”