The Berlin-based hostel chain A&O Hotels & Hostels plans to invest approximately 500 million Euros in the group’s expansion, converting existing properties used as offices and shops into accommodations. Founder and CEO Oliver Winter has shown flexibility towards real estate contracts, stating, “Whether it’s leasing or ownership, new construction or conversion, our real estate expansion...Read More

TPG, German owner of A&O Hotels and Hostels, one of the main operators in the Hostels segment, has acquired the ownership of Edinburgh’ Safestay Hostel (600 beds) for GBP 16 million (approximately EUR 18.8 million), equal to GBP 26k per bed (about 30k/bed) from Safestay. The hostel, the largest one in the Scottish capital, will...Read More