Generator Hostels, a company operating hostels in Europe, has announced the launch of its newest hostel in Hamburg, Germany.
The Hamburg Generator has 686 beds, in a mix of two bedded, four bedded, six bedded, and eight bedded rooms, for budget conscious travellers, especially when travelling in a group. Prices commence from €17 for a dormitory bed, to €37 for a twin-bedded room.
The hostel also has 540sqm of public space, which includes the Generator bar and lounge, a terrace garden, a separate lounge, a cafe and a dance floor. Other amenities on offer are a movie screening room, complimentary Wi-Fi, bike rentals, and complimentary city tours.
The hostel operator, owned by Patron Capital, is currently serving around 30,000 visitors a month, and will be offering more new hostels across Europe, as part of a £200 million investment programme.
Josh Wyatt, the investment director at Patron Capital, said, ‘Hostels are a new and exciting asset class in the property sector, just as student accommodation has been over the last decade. Being the first institutional capital into the hostel sector, Patron has a longstanding commitment to the sector and continues to invest significant amounts of capital and team resources to ensure that Generator Hostels is the category leader and trend setter through the use of exceptional design, curation of a dynamic and communal atmosphere and a dedication to the highest safety levels.
With currently the largest freehold hostel chain in Europe, we look to grow more into capital cities. Today Generator Hostels is an institutional quality product attracting a wide range of travellers from around the world. We are very excited about the latest opening and the opportunities for the Group going forwards.’
