Make Room for Upscale Hostels

For most people, the term “hostel” evokes unpleasant images of shared rooms, snoring strangers, and prison-style bathrooms, not private rooms, designer furniture, and complimentary wine tastings. Travel accommodations that were once scuzzy and bleak are now snazzy and chic—and investment firms are pouring money into these upscale hostels in hopes that A…