Worldwide: Generator and Freehand Hotels has announced the appointment of Siim Karu as the new chief commercial officer.
US: 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
US: London-based Queensgate Investments has acquired Freehand Hotels for around $400 million. Queensgate, which also owns Generator, is buying the New York-based lodging company from vendors hotel Sydell Group and private-equity investor Ronald Burkle’s firm. The deal includes the Freehand hotel operating company, four hotels and the Broken Shaker food
US: The Paramount Hotel marks the debut of Generator’s third-party management model, which is expected to fuel future growth for the brand.
US: 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
EU/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.
UK: The first NoMad hotel in Europe will be located in Covent Garden in the former Bow Street Magistrates Court, and is scheduled to open in December. New York-based hospitality group, Sydell Group, founded by Andrew Zobler who opened The Ned, is behind the new property. The hotel has been
EU/US: Hotel and hostel operator Generator has completed a €750 million refinancing of debt with new and existing investors across Europe and the United States.
Worldwide: Drawing from the coverage provided by four sector-leading b2b websites, the editorial team at International Hospitality Media [IHM] highlight 25 influential leaders across travel, hospitality and real estate who they believe have a big 12 months ahead of them.
US/UK: Luxury hotel and residence brand AKA has named T. Blake Danner as the group’s chief operating officer.