YOTEL has announced plans to open its first property in Greece — the YOTELPAD Athens, created in partnership with London-based investment manager Valpre Capital.
YOTELPAD Athens will offer 113 fully equipped studios and one-bedroom apartments across three central sites in the Greek capital.
The development, which is scheduled to open at the end of next year, will transform three buildings in the Neos Kosmos, Monastiraki and Omonoia neighborhoods into modern, tech-enabled aparthotels designed to meet growing demand from both short-term guests and long-stay residents. Together, the buildings will span approximately 7,000 square meters. The flagship site on Peiraios Street will feature a rooftop terrace with panoramic city views.
According to YOTEL, the arrival of YOTELPAD Athens comes as new government regulations begin limiting short-term rental saturation in Athen’s city center, presenting a window of opportunity for branded, professionally managed alternatives.
“Athens is buzzing with energy, a city where ancient history and modern creativity come together in such a unique way,” said Rohan Thakkar, Chief Development Officer at YOTEL. “With international arrivals hitting record highs, hotel occupancy on the rise, and recent government measures limiting short-term rentals, the market is ready for innovative, branded extended-stay offerings. YOTELPAD Athens reflects our confidence in this opportunity and our commitment to delivering smart, efficient spaces in the heart of the world’s most exciting cities.”
“We see Athens as a truly global destination with untapped potential in the extended stay market,” added Ahmad Hariri, Managing Partner at Valpre Capital. “Partnering with YOTEL allows us to create something that feels fresh and international, while still staying true to the character of the city’s vibrant neighborhoods.”