Generator Hostels

Generator Paris

Generator Hostels is a chain of hostels headquartered in London, United Kingdom. In 2015 the company operates 11 hostels in Europe,[1][2] including properties in Dublin, London, Copenhagen, Hamburg, Berlin, Venice, Barcelona, Paris, Stockholm, Rome and Amsterdam.[3][4]

History

Generator hostels was established in 1995 as a single property in London.[5][6]

In 2002, the company expanded to Berlin. In 2007, these two properties were acquired by Patron Capital.[4][7] International travel expert Fredrik Korallus was hired as CEO[8] alongside Anwar Mekhayech, the creative director.

In 2011, Generator launched two new hostels in Copenhagen and Dublin. 2012 saw a further hostel open in Hamburg, as well as the acquisition of properties in Venice, Barcelona and a second in Berlin. The doors opened in 2013.[9]

Generator Paris opened in February 2015,[10] followed by Generator Amsterdam in March 2016 and Stockholm in June of the same year.[11][12] At that time, Patron continued to won a majority stake in the company.[13]

In September 2015, Generator acquired most of the units in the Atlantic Princess Condominium in Miami Beach[14] in preparation for the planned opening of a hostel there in 2017.[15]

References

  1. ↑ "Asian investors swoop for UK property targets". Financial News, Jessica Davies, 18 July 2016
  2. ↑ "High-design hostel chain has an eye on the U.S.". Curbed, by Barbara Eldredge Oct 28, 2016
  3. ↑ Long, Felicity. "How Generator Hostels are Redefining the Genre". Travel + Leisure. Retrieved 22 November 2016.
  4. 1 2 "Patron plots £400 million auction of Generator hostels chain". Sky news, 27 September 2016.
  5. ↑ Coldwell, Will (5 March 2014). "Generator hostel London reopens as demand for budget beds rises". The Guardian. Retrieved 22 November 2016.
  6. ↑ 'The new Generator Hostel London shows how cool hostels have become'. Lim, Serene. 3/4/2014 Today Newspaper
  7. ↑ "Generator Hostels gets €60m from Invesco for expansion". BigHospitality.co.uk. Retrieved 22 November 2016.
  8. ↑ "Fredrik Korallus has been appointed Chief Executive Officer (CEO) at Generator Hostels Ltd. in London, United Kingdom". Hospitality Net. Retrieved 22 November 2016.
  9. ↑ "Weak pound a boon for business says Generator Hostels' boss Fredrik Korallus". Belfast Telegraph. Retrieved 22 November 2016.
  10. ↑ YOUNG, SARAH. "European hostel chain targets new generation of backpackers". GMA New Media. Retrieved 22 November 2016.
  11. ↑ Long, Felicity. "Generator to open Stockholm hotel; Rome and Amsterdam next". Travel Weekly. Retrieved 22 November 2016.
  12. ↑ Mohn, Tanya. "An Upscale Hostel Opens In Amsterdam". Forbes. Retrieved 22 November 2016.
  13. ↑ "Boutique Bohemian: High-End Hostels Come to America". Wall Street Journal, Craig Karmin. May 26, 2015
  14. ↑ Bandell, Brian. "Generator Hostels acquires nearly all of units in Miami Beach's Atlantic Princess Condominium". South Florida Business Journal. Retrieved 22 November 2016.
  15. ↑ "The hostel grows up: 'Poshtels' make their way to USA". USA Today. Nancy Trejos , June 24, 2016

External links

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