A&O Hotels and Hostels taken over
Hotelsschedule 27 January 2017
A&O Hamburg Hauptbahnhof
1 / 1
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 expertis
Already have an account? Log in
69% of content remaining
Unlock full access to the article
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
- Lifetime access to current material
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
Warehouse developers now more cautious
Warehouse developers now more cautious
Avison Young
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
The rise of prefab concrete
The rise of prefab concrete
Spectis
According to the ‘Sector of heavy precast concrete products in Poland 2025-2030’ report, the combined revenues of the 50 largest precast manufacturers in 2023 came to P ...
Modern offices for modern officials
Modern offices for modern officials
Newmark Polska
Public sector relocates to modern offices The commercial office real estate sector is experiencing growing leasing demand from state institutions. Class A office buildings, featur ...