Industry
Generator completes €750 million refinancing
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.
Videos
GIOHIS 2023: Alastair Thomann, Generator
BHN speaks to Alastair Thomann, CEO at Generator, to talk about the company’s recovery and opportunities to expand in the Middle East.
Hotel
Generator signs third-party management of Berlin property
Germany: Lifestyle hybrid accomodation brand Generator has signed a third-party management agreement for Schroders Capital’s ONE80º Hostel at Alexanderplatz, Berlin.
Hotel
Generator to manage NY’s Paramount Hotel
US: The Paramount Hotel marks the debut of Generator’s third-party management model, which is expected to fuel future growth for the brand.
Movers and Shakers
Generator and Freehand Hotels names Karu as CCO
Worldwide: Generator and Freehand Hotels has announced the appointment of Siim Karu as the new chief commercial officer.
Industry
Queensgate completes Generator US refinancing
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
Industry
Queensgate completes Generator debt restructure
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.
Supplier
Generator and Freehand Hotels partner with Duetto
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
Industry
Generator opens first US property in Miami
US: 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