YOO Hotels and Resorts is partnering with Opus Hotel Corp. on a 10-year plan to develop and operate a series of OPUS by YOO Collection and OPUS by yoo2 hotels across Canada and Mexico, as well as in select U.S. markets.
The partners say the pact will allow them both to explore ground-up development, repositioning, and management opportunities in North America. The deal also includes an exclusivity arrangement for Vancouver-based Opus within Canada and Mexico.
The first OPUS by YOO Collection hotel, the 110-suite Versante, is scheduled to launch in early 2019 at the Vancouver International Airport. Other OPUS by YOO destinations are planned for the West Coasts of both Canada and Mexico. (OPUS Hotel Vancouver, that company’s 15-year-old flagship property, is not part of the partnership.)
“Opus Hotels Corp. is a perfect match for us,” says Yoo Group ceo John Hitchcox, who co-founded that London-based hotelier with noted designer Philippe Starck. “They complement our design-led philosophy with their market knowledge and hotel development experience. The partnership between YOO Hotels and Resorts and OPUS Hotels has created the perfect platform for growth and operational excellence of the OPUS by YOO brand across Canada, Mexico and selected markets in the US.”
John Evans, ceo of Opus Hotels, adds: “The exclusive development, co-branding and operating partnership with the internationally positioned YOO Hotels and Resorts in Canada and Mexico is an acknowledgement of the excellence of the OPUS brand. I am thrilled to be partnering with an internationally recognized hotel company. It’s a good fit for both YOO and OPUS, in my view.”