Is America Ready for the Luxury Hostel? Miami Beach’s Generator thinks so.

For its American debut, it’s picked the former Atlantic Princess, a 1940s condominium on South Beach’s heaving Collins Avenue, to show off the distinctive blend of low-cost lodgings and grown-up style so beloved of Generator groupies.

Generator, the trendy European hostel chain that turned the idea of a youth hostel on its head, has just opened its first North American outpost on South Beach’s legendary Collins Avenue.

Generator, a lifestyle and design-driven hostel chain based in Europe, is opening August 15 in Miami Beach with rooms as low as $20 for a bed in a shared room or $95 for a private room with private bathroom — and it has all the bells and whistles of a luxury boutique hotel.