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Generator Hostels Sold to Another Private Equity Firm for $480 Million

Patrick Whyte

Photo Credit: The Generator Hostel in Paris. London-based Queensgate Investments bought the company for $480 million. Generator Hostels

Skift Take

While the sale from one private equity firm to another isn’t necessarily the most exciting news, the promise of further funds for expansion by the new owner shows a commitment to the budget model. The hostel landscape is very different than it was 10 years ago and by focusing on design, Generator managed to evolve the product.

London-based Queensgate Investments bought Generator Hostels from private equity firm Patron Capital for $480 million (€450 million). The new owner said it wants to keep the budget operator for the “long term” and intends to invest more than $320 million (€300 million) into adding more hostel assets. Generator Hostels, which has 14 properties

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