Skip to content
global forex
Menu
  • Business
  • Economy
  • Forex
  • Internet
    • Technology
  • Markets
    • Stock market
  • online trade
  • Personal Finance
  • Contact Us
Menu
Public News Time

Generator Hostels owner considering £1bn sale

Posted on June 26, 2022 by global forex

Owner of Generator Hostels understood to be considering a sale that could value it at up to £1bn

By Amy-jo Crowley, Financial Mail On Sunday

Published: 21:51, 25 June 2022 | Updated: 01:25, 26 June 2022

The owner of Generator Hostels is understood to be considering a sale that could value it at up to £1billion. 

The boutique hotel and hostel company offers offers lodgings in London, Rome, Paris, New York and other major cities for less than £50 a night. 

Up for sale: Generator Hostels’ current valuation is unclear, but the economic outlook is expected to help the business

It was quietly put up for sale in 2020, a source said. 

The process was overseen by investment bank Goldman Sachs, but was halted by the pandemic. 

It had been hoped the business would sell for £1billion at the time, the source added. 

It is understood real estate private equity firm Queensgate Investment has drafted in consultants to conduct due diligence ahead of an auction, which is slated for the final quarter of this year. 

Generator Hostels’ current valuation is unclear, but the economic outlook is expected to help the business as more people turn to less expensive holiday accommodation, the source said. 

Bidders could include real estate funds with hos­pitality investments, such as those run by KKR and TPG.

Share or comment on this article:

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • google search engine seo tutorial for beginners
  • Dividend stocks for beginners profit from investing
  • How to earn from Tiktok
  • Learn to profit from gold trading
  • How to invest money and make it work for you
©2023 | Design: Newspaperly WordPress Theme