Kuwait - Mubasher: Yotel Investments, an affiliate of IFA Hotels and Resorts Company, opened its newest hotel in Charles de Gaulle Airport in Paris, IFA Hotels said.
The launch coincided with the rebranding of Yotel hotels at airports to YotelAir, IFA stated on Wednesday in a statement to Boursa Kuwait.
The hotel was established to meet the needs of transit passengers or early travelers.
IFA Hotels pointed out that the action does not impact the company's current financial statements.
The company owns a 50% stake in Yotel Investments.
