Reading Time: < 1 minuteUS: The Paramount Hotel marks the debut of Generator’s third-party management model, which is expected to fuel future growth for the brand.
Reading Time: < 1 minuteWorldwide: Generator and Freehand Hotels has announced the appointment of Siim Karu as the new chief commercial officer.
Reading Time: < 1 minuteUS: Queensgate Investments has completed the refinancing of two Generator Group lifestyle hotels, in Miami and Washington, for circa $55 million with funds managed by Apollo. The news follows a circa €500 million debt restructuring for Generator Group earlier this year by Queensgate, in which Apollo provided nearly €100 million
Reading Time: 1 minuteEU/US: A circa €500 million debt restructuring for Generator Group, a lifestyle hospitality platform which owns, operates and develops assets across Europe and North America, has been completed by Queensgate Investments. Generator Group consists of 19 hotels with a total of 3,194 rooms in 17 gateway cities across 10 countries.
Reading Time: < 1 minuteUS: Generator and Freehand Hotels have announced their partnership with cloud hospitality solutions company Duetto. The group will employ Duetto’s revenue strategy platform to streamline its operations. Generator and Freehand Hotels operate 19 properties worldwide, across the boutique hotel and hostel asset class. The full portfolio was integrated across six
Reading Time: < 1 minuteUS: Design-led hostel brand Generator has opened its first property outside Europe, in Miami Beach. The property has expect 300 beds in 105 rooms, with 65 per cent of the rooms being private and non-shared. Prices start from as low as $20 for a bed in a shared room or
Reading Time: < 1 minuteUK: Queensgate Investments has completed the acquisition of Generator Hostels and immediately installed a new management team. Queensgate Investments Fund II, which is managed by Queensgate Investments, a real estate private equity manager, has bought Generator from Patron Capital for around €450 million. Queensgate Investments’ plan is “to own the
Reading Time: 2 minutesUK: Queensgate Investments, a private equity real estate fund manager, is to buy Generator Hostels from Patron Capital and its co-investor Invest Real Estate. Generator, the design-led hostel owner and operator, has been acquired by Queensgate Investments Fund II LP, which is managed by Queensgate Investments, a private equity real
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