The hotel is best known for its 86-square-foot 'micro rooms' and minimalist, tech-savvy design.
The 203-room hotel on Market Street and Seventh Street was foreclosed on after its owner, Synapse Development Group, defaulted on $64.5 million in loans in March. Its buyer is an affiliate of New York-based investment firm Monarch Alternative Capital, according to the Business Times.
YOTEL San Francisco opened in 2019 as the company’s first and only West Coast location. Other YOTELs — which all come with communal lounge areas, rooftop bars and minimalist rooms described on the company’s website as being inspired by “Japanese influence” — are spread worldwide in places such as Singapore, Amsterdam, Portugal and Turkey. YOTEL also runs several hotels inside airports, where travelers can book small bunkroom-style dwellings to rest in between flights.
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