a&o Hostels Expands in Heidelberg, Germany ...Middle East

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a&o Hostels Expands in Heidelberg, Germany
source : hospitality net ( Middle East ) () 62
After opening new hostels in Brighton (August 2024), Antwerp (October 2024), and Brussels (December 2024), a&o Hostels, Europe’s largest hostel chain, is expanding further with the acquisition of a&o Heidelberg. 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 for opening at the end of 2026, construction work will be starting in spring 2025. The associated property at Speyerer Strasse 5 was acquired from BHB Heidelberg GmbH, a subsidiary of Heureka Real Estate GmbH, as part of a forward sale. Together 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 new properties. Oliver Winter, CEO and Founder of a&o Hostels, said: "Last year, we set out some of our goals for a caref...

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