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This name could be well suited to a company in the health or healthcare sectors.
The word "MedHostel" contains nine letters and three syllables. Examples of popular three syllable names include Santander, Armani and Delicious.
Medhostel.com is a dot-com domain. Dot com is the most valued domain extension. Owning a dot-com says that you own the word "MedHostel" online.