YOTELPAD Miami is the perfect home for young professionals who want to be in a dynamic urban area.
The Sales Center for the first YOTELPAD on the East Coast opened this week in Downtown Miami.
YOTEL CEO Hubert Viriot addressed top brokers at a dinner Tuesday evening hosted by Aria Development Group and AQARAT.
He explained the type of buyer YOTELPAD Miami will attract: younger people who don’t want to commute, who don’t want a big suburban house with a large dining room.
“Younger people prefer to live close to their work, close to their friends, close to restaurants, close to the clubs,” he says.
Located at 227 NE 2nd Street, YOTELPAD Miami will offer 215 studio, one-and two-bedroom PADs with prices starting in the $270,000 range.
The price point fits their budget and they also have access to the hotel’s luxurious amenities.
They have the flexibility to order room service or rent their apartment.
The PADs will be located on floors 15-31 of the building, above the 250-room hotel portion of the project. Floorplans range from 417-square-foot studios to 708-square-foot two-bedrooms.
The PADs will feature carefully cultivated floor plans with integrated living, kitchen and dining areas, delivered fully finished with top-of-the-line flooring and lighting, as well as a dedicated storage unit. In addition, PADs will offer floor-to-ceiling sliding glass doors with views of Downtown Miami. Buyers at YOTELPAD Miami will also have the opportunity to participate in a two-year lease back program.
OneWorld Properties is proud to be YOTELPAD Miami’s exclusive broker. “It is very exciting to be a part of a development that is truly unique from anything previously offered in Downtown Miami,” says CEO Peggy Fucci.
The project is contributing to the rapid growth of the South Florida community and revolutionizing the way condo investments are seen, she adds.
Viriot says Miami is an especially appropriate location for the international brand because people come here from countries all around the world.
YOTEL operates four airport hotels under the YOTEL AIR brand in London Gatwick, London Heathrow, Amsterdam Schiphol, and Paris, Charles de Gaulle airports; and three city hotels in New York, Boston, and Singapore. YOTEL is expanding rapidly with hotels under development globally, including a YOTEL AIR in Singapore Changi Airport and city hotels in San Francisco, London Clerkenwell, Dubai, Edinburgh, and Amsterdam.
YOTEL’s major shareholders include the Al-Bahar Group, IFA Hotels & Resorts, Starwood Capital Group, United Investment Portugal, and Kuwait Real Estate Company (AQARAT).
YOTEL was created by YO! founder Simon Woodroffe OBE, who inspired by first-class travel, translated the language of luxury airline travel into a small but luxurious cabin (www.yo.co.uk).
YOTEL takes the essential elements of luxury hotels into smaller, smart spaces and delivers a sense of community with areas for co-working, social gatherings, and exercise. Premium Cabins include YOTEL’s signature adjustable SmartBed™ with rejuvenating monsoon rain showers and a Technowall with adjustable mood lighting and smart TVs, multi power points and easy connectivity.
“We maximize every square inch of the room to make it super convenient, super luxurious,” explains Viriot.
YOTELPAD is the residential version of this concept.
“Miami welcomes futuristic, space-age developments, making YOTELPAD Miami’s hotel and PADs a flawless fit,” says David Arditi, principal of Aria Development Group.
At Tuesday’s exclusive event, guests enjoyed a curated dinner by local celebrity Chef Michelle Bernstein which began with canapés, followed by an interactive ceviche bar and family-style dinner including braised veal ribs and roasted calabaza squash paired with a signature tequila cocktail.
The evening ended with a chocolate soufflé and a spectacular performance by magician and mentalist Rmax Goodwin.
“YOTEL is leveraging modern design and innovative technology to redefine what the luxury hospitality experience means,” said Goodwin as he redefined solving a Rubik’s cube, an homage to YOTEL.
“Last night was a successful first event for YOTELPAD Miami. We were pleased to see our guests excited and eager to witness this unique product,” Arditi says.
Aria Development Group is a real estate development and investment firm with holdings in New York City, Washington, D.C., and Miami. Aria was founded in 2009 by partners Arditi, Joshua Benaim, and Timothy Gordon. Since its founding, Aria has grown assets under management to $300 million. The firm marries a classic value investment strategy with the real estate principles of location, scarcity, and beauty. Aria focuses on building and acquiring premier multifamily and mixed-use properties. Aria holdings and projects include 321 Ocean in South Beach, The Bond in Washington D.C., and 465 Pacific in Boerum Hill, Brooklyn, NY.
With the development going straight to contract, the YOTELPAD Miami sales center will be open by appointment only Monday-Friday from 10 a.m–6 p.m. The sales center is located at 501 NE 1st Avenue Miami, FL 33132. To schedule an appointment with a sales agent, call 786-828-5558.
For more information about YOTELPAD Miami, visit www.yotelpadmiami.com.