In December 2005, IFA Hotels & Resorts acquired the majority stake in YOTEL, the world's most radical hotel concept. IFA HI now manages the company's investment in this brand and oversees the operation of its hotels. With the signature YO! Formula of innovation and entertainment, the YOTEL concept uses the language of airline travel and offers a business class experience.
The long awaited YOTEL concept is set to change the hospitality industry and will be developed throughout the world in prime city centre and airport locations. Two hotels opened in the UK during 2007 at Heathrow and Gatwick, while a third property opened in Amsterdam Airport Schiphol during September 2008.
In June 2011, the 669-room YOTEL New York near Times Square became the company's flagship model for its forthcoming city-centre locations. Further international sites are also under negotiation. A city-centre location has also been identified in Singapore - bringing the well-suited brand to Asia.