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Queensgate Investments Refinances Two Lifestyle Hotels

Queensgate Investments has completed a refinancing of two of its Generator Group lifestyle hotels in the US for around $55 million with funds managed by Apollo. The recent refinancings were for two of the Generator Group US assets located in Miami and Washington, DC.

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Queensgate Investments Refinances Two Lifestyle Hotels

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  1. Queensgate Investments has completed a refinancing of two of its Generator Group lifestyle hotels in the US for around $55 millionwith funds managedby Apollo. This follows a €600 million debt restructuring for Queensgate’s Generator Group, a lifestyle hospitality platform which owns, operates and develops assets across Europe and North America, for which Apollo funds provided nearly €100 million in secured financingearlier this year.

  2. The recent refinancing’s were for two of the Generator Group US assets located in Miamiand Washington,DC. The Generator Group consists of 19 hotels, totalling nearly 11,500 beds across 17 tier one cities and 10 countries. All Generator properties are independently branded and operated by a fully integratedin-housemanagementteam.

  3. Jason Kow, CEO of Queensgate said: “Queensgate Investments is pleased to continue our successful capital partnership with Apollo providing competitive, well-structured financing for the Generator Group.” Queensgate Investments advises and manages around £3 billion worth of assets through the suite of its funds.

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