Abu Dhabi National Hotels has inked a memorandum of understanding with Yotel Investments to develop two 'pod hotels' in the UAE capital.
Under the terms of the MOU, ADNH will be the exclusive developer of "two or more Yotels in Abu Dhabi" and Yotel Investments will handle management and operations of the properties.
Yotel chief executive Gerard Greene said the company was looking forward to working with ADNH in its first Middle East venture.
"This partnership enforces our strategy of working with the world class companies such as IFA Hotels & Resorts, BAA and Schiphol Group," he said. "During these unprecedented economic times, our recipe to provide luxury at affordable rates is the future of hospitality across the globe - customers do not have to pay high prices for mediocre quality."
ADNH chief executive Richard Riley said the city was quickly emerging as a MICE and business hub in the region.
"We expect that this new concept will meet the needs for more accommodation during big events," he said.
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