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Is this a new market? A new hotel product? Read below to see if you agree with this Wall St. Journal article

publication date: Nov 27, 2011
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 The Wall Street Journal           For the U.S.: Hostels With a Luxe Touch    Billionaire Ronald Burkle, a private-equity investor and big Democratic fund raiser, is appealing to a new constituency: scruffy, 20-something backpack travelers who would rather not stay in a hotel.


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