Generator Hostels Sold to Another Private Equity Firm for $480 Million
Patrick Whyte, Skift
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.
2 weeks ago