queensgate investments
Generator Acquires Freehand Hotels for $400 Million
Generator | October 17, 2019
HONG KONG, CHINA - 17 October 2019 - Generator, whose design-driven affordable luxury has disrupted the hospitality industry across Europe since 2011, will now operate all four Freehand Hotels and their respective food and beverage outlets after purchasing the brand for $400 million this week. The acquisition led by London-based firm Queensgate Investments, which owns Generator, merges the original upscale hostel trailblazers and reaffirms Generator as a global pioneer in the hospitality industry. With Generator's storied success in Europe and Freehand's expertise in the U.S. market, this new merger marks a momentous milestone in the brand's...
Queensgate Investments Acquires Four Grange Hotels for GBP 1B (US 1.3B)
Queensgate | March 15, 2019
[London: 15 March 2019]: Queensgate Investments has completed the acquisition of the Grange St Paul's EC4, Grange Tower Bridge E1, Grange City EC3, and Grange Holborn WC1 for circa GBP 1 billion. The portfolio comprises 1,345 Central London rooms, around 930,000 square feet of real estate. The four upscale hotels have significant meeting and conference space as well as boasting high quality spa and leisure facilities including swimming pools. The portfolio was sold by Grange Hotels, one of London's largest privately-held hotel groups which, following the transaction, will own and operate 13 hotels, primarily in Central London. Queensgat...
Queensgate Investments Completes 2nd U.S. Transaction, Adding Courtyard by Marriott Washington D.C. Washington D.C. to Generator Portfolio
Queensgate Investments | October 22, 2018
LONDON, October 22, 2018 -- Queensgate Investments ("QI") has made its second acquisition in the United States, acquiring the Courtyard by Marriott Washington D.C. for USD 54.1M as a bolt-on to its Generator platform. The well invested 148 key freehold asset, acquired from affiliates of Quadrangle Development Corporation and Capstone Development, is located in busy Dupont Circle and benefits from superior amenities such an outdoor pool and roof terrace. The asset will continue to be run under a Marriott franchise with incumbent manager Crestline during 2018 and 2019, prior to conversion to the Generator brand. Generator is one...
