Workflow
Hotel business growth
icon
Search documents
Yotel taps Marriott exec as CEO
Yahoo Finance· 2025-09-09 09:29
Core Insights - Yotel has appointed Phil Andreopoulos as CEO, succeeding Hubert Viriot, who will remain as vice chairman [3][7] - The leadership change comes as Yotel's majority shareholder, Al-Bahar Group, plans to acquire an additional 30% stake to support growth [3][7] - Yotel aims to double its global hotel portfolio to 15,000 rooms by 2030, with a focus on expanding managed and franchise businesses in key markets [7] Company Developments - Phil Andreopoulos brings over 20 years of experience from Marriott, where he served as chief commercial officer for the EMEA region [4][7] - Yotel has recently appointed Yvonne Thomsen, a former IHG Hotels & Resorts executive, as CFO [5] - The company currently operates 23 hotels globally and has 11 more in the pipeline [5]