a&o Hostels has named Julien Mattei as its new Chief Investment Officer (CIO), marking a significant addition to its leadership team. Mattei brings 15 years of expertise in real estate investment and development, having previously held senior roles at The Social Hub (formerly The Student Hotel) and Norges Bank Investment Management, which oversees Norway’s sovereign wealth fund.
In this role, Mattei will be responsible for overseeing a&o’s investment strategy and working closely with the company’s real estate and finance teams to drive expansion across Europe. His appointment comes at a time of growth for a&o Hostels, which has recently added four new properties.
The group now operates 42 hostels in 11 European countries, with 19 owned properties accounting for 45% of its portfolio. Supported by its investors, StepStone Group and Proprium Capital Partners, a&o has secured approximately €500 million to fuel further development.
“Julien Mattei is our top choice and the perfect fit for a&o”, “He is a strategic expert with a keen eye for detail, and brings an extensive network that will be immensely beneficial for our European expansion”, he added. – a&o Hostels CEO Oliver Winter
Focus on growth and development
a&o Hostels continues to prioritize acquiring existing hotels, office spaces, and commercial buildings that can be repurposed into hostel properties. While property ownership remains a key strategy, leasing opportunities and potential new developments in prime metropolitan areas are also being explored.
Investment in sustainability and modernization
By 2030, a&o plans to invest €500 million in property acquisitions, renovations, and modernization projects with a strong focus on sustainability.
With Mattei leading the investment strategy, a&o Hostels is positioned to strengthen its presence in key European markets, reinforcing its commitment to accessible and high-quality accommodation options.
