Industry Update
Press Release 8 December 2021

Queensgate Investments completes Generator US refinancing with Apollo

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Queensgate Investments

London - Queensgate Investments has successfully completed a refinancing of two of its Generator Group lifestyle hotels in the US for circa $55 million with funds managed by Apollo (NYSE: APO).

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This follows a circa €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 financing earlier this year.

The recent refinancing’s were for two of the Generator Group US assets located in Miami and 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 integrated in-house management team.

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.

Apollo is a global alternative asset manager with approximately $481 billion of assets under management as of September 30, 2021.

About Queensgate

Queensgate Investments LLP ("Queensgate") advises and manages around GBP 3B worth of assets through the suite of Queensgate Investments Funds.

  • Queensgate owns Generator Group, the largest lifestyle hostel company globally, consisting of 19 hotels, with a total of 3,194 rooms or nearly 11,500 beds in 17 gateway cities across 10 countries
  • Queensgate owns the 906-room Kensington Forum Hotel, the third largest hotel in London
  • In 2019, Queensgate acquired Grange St Paul"s, Grange Tower Bridge, Grange City, and Grange Holborn for circa GBP 1B from the Matharu Brothers
  • Following significant investment, the Grange Hotels now trade as the Leonardo Royal London St Paul"s, Leonardo Royal London Tower Bridge, Leonardo Royal London City and the NYX Hotel London Holborn
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