IFA and group buy New York City hotel

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IFA Hotels and Resorts, based in Kuwait, joined American companies Atrium Holding Company and Centerbridge Partners to purchase the Yotel Hotel in New York City.  The group secured the necessary financing for the deal, which has an estimated value of $240 million.  IFA Hotels and Resorts also recently invested $115 in Dubai’s Jumeirah Beach Resort project.

Yotel, a pod concept hotel originally conceived by Yo Sushi, is the 4th location for the chain, which also operates at Heathrow, Gatwick, and Schipol.  The Manhattan location was purchased from previous owner Related Company.  IFA is now the majority shareholder.

 

 



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IFA Hotels and Resorts, based in Kuwait, joined American companies Atrium Holding Company and Centerbridge Partners to purchase the Yotel Hotel in New York City.  The group secured the necessary financing for the deal, which has an estimated value of $240 million.  IFA Hotels and Resorts also recently invested $115 in Dubai’s Jumeirah Beach Resort project. Yotel, a pod concept hotel originally conceived by Yo Sushi, is the 4th location for the chain, which also operates at Heathrow, Gatwick, and Schipol.  The Manhattan location was purchased from previous owner Related Company.  IFA is now the majority shareholder.    

IFA Hotels and Resorts, based in Kuwait, joined American companies Atrium Holding Company and Centerbridge Partners to purchase the Yotel Hotel in New York City.  The group secured the necessary financing for the deal, which has an estimated value of $240 million.  IFA Hotels and Resorts also recently invested $115 in Dubai’s Jumeirah Beach Resort project.

Yotel, a pod concept hotel originally conceived by Yo Sushi, is the 4th location for the chain, which also operates at Heathrow, Gatwick, and Schipol.  The Manhattan location was purchased from previous owner Related Company.  IFA is now the majority shareholder.

 

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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