What's Happening?
a&o Hostels has acquired the former DoubleTree by Hilton Docklands Riverside, marking its first location in London. The property will operate as a hotel, offering 500 rooms and 2,100 beds. Located on the River Thames, it features a pier and provides free water taxi service to Canary Wharf. The acquisition is part of a&o's strategic growth in the UK hospitality sector.
Why It's Important?
The opening of a&o Hostels in London provides affordable accommodation options in a city known for high prices, potentially attracting budget-conscious travelers. It signifies a&o's commitment to expanding its presence in major European cities, enhancing competition in the budget hotel market. This development may encourage other hostel chains to explore similar opportunities in high-demand locations.
