A London-based firm focused on expanding its U.S. hospitality holdings bought four boutique hotels offering a “luxury hostel" experience of communal sleeping areas in addition to traditional single rooms. Like coworking and coliving, this business model is a bet that people will sacrifice some privacy to save money if the surroundings are upscale.
First Coworking. Then Coliving. Now Cohoteling? Firm Buys US Hotel-Hostel Hybrids
Queensgate Pays $400 Million for Properties in Four American Gateway Cities
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