NEW YORK – YOTEL, the successful brand known for its cleverly designed affordable luxury hotels in New York, Singapore, Boston and San Francisco, makes its mark in the residential scene with the groundbreaking of its first two luxury condo PAD projects in the U.S. – YOTELPAD Miami and YOTELPAD Park City. With the groundbreaking of these two projects, YOTEL is making the dream of owning a vacation property in top destination cities more attainable.
Over the last year, the brand has announced 18 new locations in countries around the world including the U.S., Portugal, Switzerland, Holland, Turkey, Istanbul and Dubai. Its recent expansion solidifies the brand’s global success and its ability to optimize space through adaptable design and smart technology in every city it reaches.
YOTELPAD Miami, developed by Aria Development Group, a New York and Miami-based real estate investment and development company, along with joint venture partner AQARAT, is the first YOTELPAD on the East Coast. The mixed-use residential and hotel development officially breaks ground today, January 31, 2019, and is slated for completion in early 2021.
“The realization of YOTELPAD is a major milestone for Downtown Miami,” said David Arditi, principal of Aria Development Group. “It’s the first time a global hospitality brand will offer luxury living at an attainable price point. The innovative PAD concept, with its clever and adaptable floorplans and flexible rental options, is being received with great enthusiasm by local and international buyers alike. We are excited to forge ahead with construction and bring this highly-anticipated project to life.”
Developed by Replay Destinations, YOTELPAD Park City officially broke ground on January 18, 2019 as one of the first YOTELPAD projects in North America, bringing desirable resort living to those who aspire to own a four-season vacation home in a prime village location. YOTELPAD Park City makes for an optimal and efficient resort residence with a design that allows owners and guests to efficiently store all their seasonal toys such as skis, boards, bikes and golf clubs in strategically-placed areas. Located at the base of Park City Mountain in upper Canyons Village, the development is slated for completion during the summer of 2020.
“We are thrilled to begin construction on the first YOTELPAD project here at Canyons Village,” said Replay Managing Director Gary Raymond. “We saw an opportunity to bring luxury living at an affordable price to ski resort towns and we couldn’t be more pleased with the overwhelming response from the Park City community. We are anxious to bring our plans to life.”
Both projects have successfully sold over 50 percent of their residences within a year of officially launching. Further, YOTELPAD Miami’s sales and marketing team, OneWorld Properties, led by Peggy Olin, reached its 50 percent sold milestone within just six months of launching sales. This is proof that the minimalistic product is increasingly popular among buyers looking for efficiently-sized units with price points in the $300,000–$500,000 range.
“Our team has sold over 18 units per month over the last six months – that is 111 units and counting. This is something we have not seen in Miami in a long time,” said Peggy Olin, president and CEO of OneWorld Properties. “Buyers understand the value and freshness of the YOTEL brand and are looking for flexibility and a prime location. Miami serves as a significant gateway to global markets and has one of the largest financial districts in the U.S. Our team was able to take all the incredible elements of this project and the Downtown area to deliver the right product for this market.”
Amenities at YOTELPAD Miami
YOTELPAD Miami will incorporate three Techi robot butlers capable of delivering beverages, food, gifts, documents and more. Raising the standard for residential amenities, two robots will be dispatched to assist residents and one will be designated to guests of the hotel. The robots can be programmed to speak a variety of languages, dialogues and play digital files with music and voice recordings. Additional amenities include: concierge services, secure bike storage, gourmet matcha bar, full-service restaurant and bar with outdoor seating and private dining, state-of-the-art fitness center, co-working space, lounge, pool deck and pet salon. Each PAD will also come with a dedicated storage unit. The mixed-use development will boast 231 residential units (PADs) and 222 hotel rooms (cabins) along with carefully cultivated floorplans and integrated living designs for an urban-chic lifestyle. The development will offer studios, one and two-bedroom residences with prices starting in the $300,000 range.
Amenities at YOTELPAD Park City
YOTELPAD Park city will consist of 144 studio to three-bedroom condominiums. Each PAD is carefully planned and optimized for functionality and flexibility. Interior features include multi-functional, Italian-made furniture; comfortable work and relaxation areas; sleek bathrooms with YOTEL’s monsoon rain shower; fully equipped kitchens with large view windows; and social spaces for all ages. As an added benefit, ski and car valet service will be provided to owners and guests for the ultimate in convenience. Amenities will include a year-round pool deck oriented to the west to maximize the afternoon sun, a large hot tub, fire pits, and additional outdoor living spaces on the Vista Terrace. The pool deck will adjoin a fully equipped fitness center and steam room with storage lockers situated in the parking garage. At the end of the day your skis and poles can be checked back in with the ski valet.