Chototel has identified the United Arab Emirates as a location for its next phase of development, bringing a ‘super-budget hotel’ to the emirates.
The London-based technology start-up is set to open its first hotel with 240 rooms in Nagothane on the Mumbai-Goa highway in July, before focusing on new developments in UK, Nigeria and UAE, according to its official website.
The nightly rate is US $2 (AED7) to $5 (AED18).
Chototel is an economy hotel that uses technologies such as steel-framed dry construction; closed-loop, off-grid utility systems; microbots and big data processing to manage unmanned operations and billing; and real-time financial and cash technologies.
It uses a construction technology called light gauge steel framing, which minimises its carbon footprint by using a method that eliminates the use of bricks and wood as raw materials.
Each room is 280 sq ft and includes a 30 sq ft pantry, a 30 sq ft bathroom, a 100 sq ft multipurpose room with a cupboard, study-cum-dining area and a sofa-cum-bed.
Chotoel managing director and founder Rhea Silva said: “Our model is based on an average of $3.50 (AED 13). We are uniquely positioned between social rental housing and super-budget hotels.”
The company has targeted revenues of $1 million (AED367 million) in first full year of operation, and is also planning to raise money to build 100,000 rooms in the next year.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.