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Queensgate spends $400M on hostel-boutique hotel combination plan

Queensgate Investments has taken over Freehand Hotels for $400 million in an attempt to attract young travelers who are looking for lower costs and less luxury with hostel-boutique hotel hybrids. Managing the newly acquired U.S. brands through its Generator hostel business, Queensgate looks to expand into cities across Europe. Read the Skift/Bloomberg story here

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