Billionaire to open hostel chain.

HAve you put your application in yet Gordo? :onthego:

Hi guys. This group is affilliated with the ACE hotels that also does some of their rooms hostel style. It was only a matter of time before the big money came into the game. I think is going to up the game here in the USA , bigtime. I think this is great.

This seems encouraging for the US hostel world... Any American Hostel owners on here that feel otherwise? I imagine this type of exposure/budget will be able to do wonders for improving the American perception of the hostel.

I suppose it is targeted to the more trendy flashpackers. I consider myself as a flashpacker, I would pay the extra for more convenience and better hostel location. This is the trend that i have been observing, Hotels going more aggressively in the budget market and hostels trying to become more boutique.

I do wonder, does Hostel investment provides "financial return" that is deemed attractive by private equity and investment companies?? From my research, Hostel investment would not make as much return as many other businesses. People invest in it because the love the travel and meeting new people. I suppose this is the reason why there are no big global hostel chain/group in the world such as the Accor, Hilton and Starwood in the hotel industry.