A new Yotel hotel is under development in Porto, Portugal, and scheduled to open in 2019. The hotel will be located in the traditional center of Porto, adjacent to the city’s business district.
Integrating the fundamentals of luxury hotels into smaller smartly designed spaces, the hotel will offer approximately 147 rooms, or “cabins.”
“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, said Hubert Viriot, CEO of Yotel . “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.”
The project came to fruition following investment from owner United Investments Portugal, a luxury real estate developer.
Yotel Porto will be the first of many in the Iberian Peninsula as the group is actively looking for opportunities in this region, focusing on major cities like Lisbon, Madrid and Barcelona.
The project is currently in development stages and designed by Nuno Leónidas Architects.