Patron Capital, owner of Generator Hostels, has successfully completed a minority sale of Generator to Invesco of up to 23 per cent in exchange for €60 million of growth capital. Invesco’s stake in Generator is the inaugural investment by Invesco’s opportunistic strategy, focussed on growth businesses, co-managed by Invesco Real Estate, WL Ross & Co, and Invesco Fixed Income.
Generator has unveiled a stylish new identity and website as it sets out to transform the hostel experience. Established in 1995, Generator is Europe’s fastest growing hostel brand and the new design-led identity will be rolled out in its six stylish properties.
Despite what people may think, the humble postcard is still managing to hold its own as a form of holiday correspondence. More than a quarter (28 per cent) of international visitors at Generator Hostels still send a postcard to friends and family when travelling abroad.
Students who miss out university places can still improve their chances of employment by going on “CV-savvy” trips during their gap years, according to leading budget accommodation Generator Hostels.