A & O Heidelberg: Europe’s largest hostel group expands in Germany

A & O Heidelberg: Europe’s largest hostel group expands in Germany

The post A & O Heidelberg: Europe’s largest hostel group expands in Germany appeared first on TD (Travel Daily Media) Travel Daily Media.

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After Opening New Hostels in Brighton (August 2024), Antwerp (October 2024), and Brussels (December 2024), A & O Hostels, Europe’s Largest Hostel Chain, Is Expending Furthar with A & O g. This marks its 43rd property in europe and 26th in Germany. The Company Operates 42 Properties Across Ten Countries, with 19 Owned Directly by a & o.

The A & O Heidelberg will be a new five-storey building, with 118 Rooms and 320 Beds. Scheduled Estate gmbh, as part of a forward sale.

Togeether with its owners, Proprium Capital Partners and Stepstone Group, A & O Has Over 500 Million Euros Available to Invest in the expansion, conversion and modernization of existing and modernization.

Oliver Winter, CEO and Founder of A & O Hostels, said: “Last year, we set out some of our goals for a carefully accelerated growth strategy account Just Six Months, We Are Well Positioned to deliver on these. “

Philipp Westermann, Partner at Proprium Capital Partners, Said: “We Remain Very Confident in the Hug Opportunities for Continuing Long-Term Growth at A & O Hostels Europe, who ing to support. A & o hostels have a best-in-class business and brand, with enormous further potential that a & o are well on track to delivering on. “

“Germany remains a very exciting market”

With a population of 162,000, the city on the neckar is considered one of the most beautiful cities in Germany and Attracts Approximately 14 Million Visitors Every Year.

“Heidelberg has been a dream location for a long time, so we are delighted with this acquisition”, said winter.

Robert Waidhaas, Managing Partner of Heureka Real Estate, Adds: “We are delighted to realize this Ambitious Project Together with An expressed partner like a & o and to the revitalizing of selfie to get to the win Adt. “

Expansion Across Key Cities in Europe

A & o has a strong and growing pipeline of attractive hostel investments Opportunities access Europe and the UK. In February this year, A & O Firenze Campo DI Marte (Florence)

In line with its sustainability drive, A & o predominant seeks existing buildings to convert into hostels such as former office and commercial properties. In addition to opening IES in Europe. We are really well positioned to take advantage of the significant Oportunities we see in this hugly attractive and dynamic market environment environment and to take on Budget Hostel Product to a New Level. “

 

 

The post A & O Heidelberg: Europe’s largest hostel group expands in Germany appeared first on travel daily media.

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