The appointment of Phil Andreopoulos follows the news that YOTEL’s majority shareholder, the Al-Bahar Group (‘the Group’), acquired an additional 30% stake in the company earlier this year increasing the Group’s holding in YOTEL to more than 95%. The investment underscored the Group’s confidence in the future of YOTEL and signals a bold new trajectory for the brand, as the company sets its sights on doubling its global hotel portfolio to 15,000 rooms by 2030.
Talal Al Bahar, Chairman, YOTEL and Al-Bahar Group commented: “YOTEL’s success over the last 15 years has been exemplary, from start-up concept into the global company it is today with an expansive portfolio of properties in prime locations”.
A seasoned leader with decades of experience in the hospitality industry, Andreopoulos joins YOTEL following a distinguished career at Marriott International, where he held multiple senior leadership roles across Europe, the Middle East, and Africa.
A great solo travel tip spotted this week on Hotel Designs.
