Generator Barcelona - Exterior — Photo by Generator
Generator Hotel Jamie Smith — Photo by Generator
Generator London - Lounge Space — Photo by Generator
Generator Dublin - Reception — Photo by Generator

Queensgate Investments Fund II, which is managed by Queensgate Investments, a real estate private equity manager has completed the acquisition of Generator Hostels from Patron Capital. The enterprise value of the transaction is circa EUR 450M.

Queensgate Investments' plan is to own the portfolio for the long term, enhance the customer experience across all assets and to invest no less than EUR 300M into expanding the portfolio with additional freehold assets focused predominantly in the US.

Queensgate Investments has appointed Alastair Thomann CEO and Andre Guettouche COO respectively of Generator Hostels. Mr Thomann was formerly CEO of Penta Hotels, a best in class global lifestyle hotel portfolio with 27 assets across Europe, North America and Asia. Mr Thomann's track record marries superior customer experience with superlative operational results. Mr Guettouche was formerly SVP Penta Hotels. Mr Guettouche has worked with Mr Thomann since 2006 to effect the transformation of Penta Hotels. Prior to Penta Hotels Mr Guettouche held senior positions at IHG.

Queensgate Investment has appointed an interim board until Mr Thomann and Mr Guettouche join.

Generator Hostels owns 14 predominantly freehold assets (12 operational and two under development), totalling 8,639 beds, located in London, Paris, Copenhagen, Amsterdam, Miami, Dublin, Hamburg, Barcelona, Berlin Mitte, Stockholm, Madrid, Venice, Berlin Prenzlauer Berg and Rome. Generator Hostels earns current revenues of over EUR 70M, and targets the fast-growing sector of millennial customers, focusing on the best capital city addresses, design-led interiors, a safe environment and, most of all, attractive shared social spaces.

About Generator

Founded in 1995, Generator is the leading boutique and lifestyle accommodation brand with a strong and growing portfolio across Amsterdam, Barcelona, Berlin, Copenhagen, Dublin, Hamburg, London, Madrid, Miami Beach, Paris, Rome, Stockholm, Venice and Washington D.C. Pioneers of affordable lifestyle and masters of the social experience, all Generator properties have redefined their respective markets with design-forward room types from shared to private bedrooms, co-working and casual public areas, exceptional bars, cafes and a variety of private event spaces - from street facing to penthouse suites and roof tops. In March 2017, Queensgate Investments acquired Generator, cementing its reputation as a leader in hospitality.

Learn more on staygenerator.com | @staygenerator

Julia Hipkiss
Bell Pottinger
07827 896 036
Generator