Yotel has announced plans to open its third property in the UK in late 2018 with a 212-cabin hotel in Central London’s creative quarter of Clerkenwell. Regarded as the epicentre of London’s design and architecture scene, and a leader in the UK’s Tech Nation programme, the hotel will be situated at 96-100 Clerkenwell Road.
The project, developed by Medina Investments, has already broken ground and is set to open in late 2018. The hotel will offer 212 cabins equipped with the brand’s technology-driven hospitality offering.
The compact, luxurious cabins will include Yotel’s signature space-saving adjustable SmartBed, monsoon rain shower, techno-wall features and smart TVs.
Additional facilities will include a gym, bar, an independently operated dining outlet and Yotel’s Club Lounge concept, which offers flexible meeting and co-working spaces designed in keeping with the surrounding area. All cabins and communal areas within the hotel will be served by super-fast and free WiFi connectivity.
Hubert Viriot, Yotel CEO, comments: “We are more than ready to bring the Yotel city-centre concept home. Since the opening of our flagship in New York, we have been looking for the right opportunity and we finally found it in Clerkenwell. The mixed-use project, developed by Medina Investments, complements the Yotel brand perfectly. It’s dynamic, creative and forward-thinking and backed by a developer with acumen and vision.”
Developer Medina Investments will transform the current site into a mixed-use development that will embody Yotel’s technology focussed identity, yet sit comfortably within its historically significant surroundings.
Zain Hussain, Managing Director at Medina Investments, explains: “We are delighted to be involved in such an exciting project, using our expertise to create an opportunity by looking beyond the obvious to identify undiscovered potential. We have many years’ experience in site acquisition, planning and development and our vision is to expand our investment and development activity with a sustainable strategy. Clerkenwell is a unique area that buzzes with creativity and this requires a similarly creative approach to development. I’ve no doubt that between our talented team and the Yotel brand – this hotel will be the place to stay in the City’s coolest new neighbourhood.”
With sustainability and efficiency central to all parties involved, the hotel is car-free, encouraging guests to utilise the numerous alternative transport options in the area. Ideally located at the centre of the historic district, the hotel is just a six-minute walk from Farringdon Station, seven to Spa Fields Park, eight to City University London and 15 from the Barbican Centre for performing arts.
The Clerkenwell development is funded with capital from ICG-Longbow, who specialise in value-add real estate loans across the UK.