TPG Real Estate Acquires A&O Hotels and Hostels

TPG Real Estate | January 4, 2017

LONDON & FORT WORTH, Texas--January 4, 2016--TPG Real Estate, the real estate platform of leading global private investment firm TPG, announced today that it has completed the purchase of A&O Hotels and Hostels ("A&O"), the largest fully integrated, privately-owned, hostel platform in Europe. The transaction will help A&O expand and enhance its operations, strengthening its position as one of Europe's leading budget hotel investment, development, and management groups. Under the agreed terms, TPG Real Estate will acquire 31 leased and owned assets, with more than 20,000 beds located primarily in Germany. Key members of A...