a&o Hostels appoints Julien Mattei as Chief Investment Officer
a&o Hostels has named Julien Mattei as its unique Chief Investment Officer (CIO), marking a famous addition to its management group. Mattei brings 15 years of expertise in steady property funding and pattern, having beforehand held senior roles at The Social Hub (beforehand The Student Hotel) and Norges Financial institution Investment Management, which oversees Norway’s sovereign wealth fund.
On this role, Mattei will be accountable for overseeing a&o’s funding technique and dealing carefully with the company’s steady property and finance teams to pressure growth all over Europe. His appointment comes at a time of growth for a&o Hostels, which has recently added four unique properties.
The community now operates 42 hostels in 11 European international locations, with 19 owned properties accounting for forty five% of its portfolio. Supported by its investors, StepStone Neighborhood and Proprium Capital Companions, a&o has secured roughly €500 million to gas further pattern.
“Julien Mattei is our top preference and the best match for a&o”, “He’s a strategic expert with a alive to seem for for factor, and brings an intensive network that will be immensely worthwhile for our European growth”, he added. – a&o Hostels CEO Oliver Iciness
Specialize in growth and pattern
a&o Hostels continues to prioritize acquiring unusual hotels, office areas, and commercial constructions that can even be repurposed into hostel properties. While property possession remains a key technique, leasing opportunities and doable unique tendencies in top metropolitan areas are furthermore being explored.
Investment in sustainability and modernization
By 2030, a&o plans to make investments €500 million in property acquisitions, renovations, and modernization projects with a tough point of curiosity on sustainability.
With Mattei main the funding technique, a&o Hostels is positioned to give a enhance to its presence in key European markets, reinforcing its commitment to accessible and top quality lodging alternatives.
