Aria Development Group opens Miami’s first condominium and short-term rental hotel

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Aria Development Group, based in New York and Miami, is pleased to announce the completion of
YOTELPAD Miami, a 31-story condominium and hotel in the heart of downtown Miami. The elegant
mixed-use project was the first new construction condominium in the area to offer buyers the opportunity to
rent their units for short term stays without restrictions. The developer has partnered with AQARAT,
one of the leading real estate companies in Kuwait, to realize this project as the first YOTELPAD in the East
Coast.

“YOTELPAD Miami paved the way for other developers to offer short-term rentals and was one of the first
project in the recent burst of new downtown development that has transformed the
neighborhood into an exciting and vibrant place to live,” said David Arditi, Director of Aria Development
Band. “After selling all the condos at YOTELPAD Miami in just 15 months, we saw that there was
an incredible demand for this type of product, and there couldn’t be a better time to deliver it.

Located at 227 NE 2nd Street, YOTELPAD Miami offers the ultimate urban lifestyle for young people
professionals and like-minded people looking for the convenience of having the best of everything
right on their doorstep, as well as the ability to rent out their unit when they’re not using it. Owners of
the 231 residential “PADs” have the possibility of participating in a short-term rental program via YOTEL,
which also manages the 222 hotel “cabins” of the subdivision. The project has led to a boom in new
short-term rental condominiums in Miami, including another by Aria Development Group, 501 First,
which is nearly sold out after launching sales last year.

YOTELPAD offers an array of state-of-the-art amenities along with spectacular views of the Miami skyline.
Comprising floors 15 through 30, residences include studios, one- and two-bedroom residences with
designed floor plans featuring integrated living, kitchen and dining areas with premium flooring,
Bespoke ITALKRAFT Italian lighting and cabinetry for an urban chic lifestyle.

Amenities include concierge services, secure bike storage, gourmet coffee bar, two on-site restaurants
and bars, a coworking space, a pool deck, a state-of-the-art fitness center designed by New York-based celebrity training studio HOMAGE, and a pet spa. Residents also have exclusive access to a penthouse
Sky Lounge level, which offers a play area, a sophisticated living room with a fireplace and a chef’s kitchen with a private dining area that seats 12 people.

YOTELPAD Miami features two restaurants, providing residents and guests with the ideal live-work experience.
Downstairs is Mazeh, a modern Middle Eastern restaurant from New York-based GPG

Hospitality, serves tapas-style sharing dishes and craft cocktails in an elevated but casual setting.
Fourteen floors up on the property’s pool deck, an elevated outdoor lounge called Float offers drinks
and light dishes that fuse classic American tiki culture with unique Middle Eastern flavors.

Understand the value of offering state-of-the-art amenities that enhance the residential experience,
the development also incorporates three Techmetics Techi robot butlers, which can deliver loads of up to 77
books, including food, drink, gifts, documents, etc. Two robots are available to residents,
and one is reserved for hotel guests. Residents and guests can easily contact and track robots
through user-friendly app control. The robots will roam the hall during their downtime, engage in
conversation, playing music and handing out treats.

For more information, visit www.yotel.com.

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