a&o Hostels expands into Manchester with hotels acquisition
📌 In 2023, a&o Hostels acquired two hotel assets in Manchester, UK, previously operated by ibis and Novotel. Following an £8.2 million refurbishment, the properties will feature 303 rooms and 1,218 beds by Q1 2027. This acquisition increases a&o's European presence to 44 properties. In 2024, a&o hosted 2.8 million guests and 6.2 million overnight stays. The European Hostels Market is expected to grow at a CAGR of 5.8% from 2025 to 2030.
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