Yotel Signs WTC Hotel in Lisbon, Portugal

(04 May 2022, 11:29 +07)  Yotel has expanded its pipeline of hotels in Europe with the signing of a significant MICE hotel in Lisbon.

Scheduled to open in 2024, the Yotel Lisbon WTC will form part of the Foz Vintage Group’s World Trade Center development which is being designed as one of Portugal’s most innovative Business Parks.

The 127-room Yotel Lisbon WTC will be located within the World Trade Center Lisboa just minutes away from Lisbon city centre, a short drive from the beaches in Cascais and adjacent to Monsanto, the largest green area in the region.

The hotel will feature a restaurant, event space and a panoramic rooftop bar, all catering to both local office workers and in-house guests, alongside a GRAB+GO, co-working areas and a 24/7 fitness centre.

Yotel Lisbon WTC

The WTC campus, totalling over 35,000 sqm, will also include office, retail, and recreational facilities with the ethos of promoting physical and emotional wellbeing through clever accessible and sustainable solutions.

Yotel will join other major corporations based in the development, including Worten, Bayer and Helm.

“Lisbon has always been a priority for Yotel’s expansion, particularly following the opening of Yotel Porto last year,” said Rohan Thakkar, Chief Development Officer, Yotel. “We are delighted to have signed a long-term management agreement with Foz Vintage, a group that defines its projects on innovation, the environment, and its people, the same values which we embrace at Yotel. Yotel Lisbon WTC will further our expansion strategy across Southern Europe, both within Portugal and nearby markets such as Spain and France.”

WTC Lisbon is part of the World Trade Center network, the world’s largest business and investment platform, spanning 322 cities across 90 countries.

Yotel Lisbon WTC will be the first of two Yotel properties to be part of the international WTC ecosystem, with the second yet to be named by the company.

“Yotel offers a concept perfectly aligned with our vision at WTC Lisbon, which gives priority, above all, to innovation and technology, sustainability and people's well-being,” said Vasco Fonseca, COO of the FVC Group. “Yotel's spaces are designed to create a unique experience for each stay, able to engage and connect guests. Its auditorium will also serve as a stage for major events, in particular, to receive the schedule that we foresee for the WTC Business Club, which aims to be a space of choice for business networking and for the discussion of strategic themes for companies and projects, nationally and internationally.”

Yotel currently operates 19 hotels around the globe and has another 13 under development, with a Yotel / YotelPAD property opening in Miami in May and Yotel Geneva Lake opening later this year.

See also: Yotel to Use Urban Jungle's Bathroom Amenities Globally.