financeSkift··1 min·For: Owner, Investor, GM, Revenue
A&O Hostels Defies Trends by Buying Distressed Real Estate
A&O Hostels is utilizing a contrarian strategy by purchasing distressed European properties at low prices to expand its 30,000-bed portfolio.
Key Takeaways
- 1Capitalize on market distress by acquiring underperforming three- and four-star hotels and vacant office spaces for conversion.
- 2Leverage a contrarian real estate ownership model while most competitors shift toward asset-light strategies.
- 3Target the highly fragmented European hostel market, where branded chains currently control only 8% of inventory.
Source: Skift
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