Micro-hotel brand Yotel has announced plans to develop a handful of residential developments, including YotelPad Miami, a mixed-use property that will offer hotel rooms in addition to apartments ranging from 425-square-foot studios to 700-square-foot two-bedrooms. The apartments will be designed in an ultra-modern style that matches the brand’s futuristic aesthetic. They will be fully furnished and priced from $250,000.
According to a release, the Miami property will be digitally integrated with a YotelPad App that serves as a digital key, delivery service, and mobile concierge. The building will also offer owners the opportunity to participate in a short-term rental program. Residents will have access to the hotel’s common areas and restaurant spaces in addition to a private penthouse.
The brand’s current portfolio contains “affordable luxury” hotels in New York, London, Amsterdam, and Paris. The Miami property—which will be developed by New York– and Miami–based Aria Development Group and joint-venture partner AQARAT—will be the first YotelPad to debut on the East Coast and will feature 250 hotel rooms in addition to its 208 residential units. A second property, YotelPad Park City, will be located at the base of Park City Mountain in Park City, Utah, and developed by Replay Destinations.
Yotel
“Downtown Miami is emerging as a high-energy place to live, shop, and work,” said Aria Development Group principal David Arditi in a release. “With YotelPad Miami, we’re meeting the strong demand for service-oriented, urban-chic apartments. In addition, owners have the unique opportunity to participate in a short-term rental program. Together with the Yotel brand, we’re delivering a thoughtful, value–luxury experience in a dynamic location.”
This article originally appeared on our sister site, Multifamily Executive.
