Starwood Capital commits $250 mln to Yotel

Yotel said Sept. 26 that Starwood Capital Group has committed to invest $250 million for a 30 percent stake in the company. Yotel, a provider of affordable hotels, currently operates four airport hotels under the Yotelair brand in London Gatwick, London Heathrow, Amsterdam Schiphol and Paris, Charles de Gaulle airports; and three city hotels in New York, Boston and Singapore.

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