Capitas, IFA set up JV targeting the development of Yotel branded hotels in Saudi Arabia
Capitas Group International (CGI) has announced the signing of an exclusive joint venture (JV) agreement with IFA Hotel Investments (IFA HI), targeting the development of Yotel branded hotels across the Kingdom. IFA HI is the majority owner of Yotel, a specialized international hospitality brand, headquartered in the UK. Considered the “iPod” of the hotel industry, Yotel’s rooms provide a flexible and convenient first class experience in a modern, efficient and comfortable space. Situated in both airport and city center locations, YOTEL hotels currently operate within Heathrow and Gatwick airports, Amsterdam Airport Schiphol and in New York’s Times Square.