A&O Hotels and Hostels taken over
Hotelsschedule 27 January 2017
A&O Hamburg Hauptbahnhof
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EUROPE TPG Real Estate has completed the purchase of A&O Hotels and Hostels. A&O is a fully integrated, privately-owned, hostel platform in Europe. With the backing of TPG, A&O should be able to expand and enhance its operations on the European market.
Under the terms agreed, TPG Real Estate will acquire 31 assets both leased and owned, with more than 20,000 beds located primarily in Germany. Key members of A&O’s management team, including CEO Oliver Winter, are to remain in their current positions. The financial terms of the transaction were not disclosed.
“We founded A&O almost twenty years ago in Berlin, and it has grown into one of the leading German budget hotel operators. With TPG’s global presence and expertise in buying and buil
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