Europe: Non-public fairness agency Queensgate Investments has bought the European arm of way of life hospitality model Generator to different asset supervisor Brookfield Asset Administration for €776 million.
The deal consists of 15 belongings with 2,749 rooms throughout European cities.
Queensgate, which acquired Generator in 2017 for €450 million, will stay the proprietor of its US-based properties. Freehand Motels, sister model of Generator and in addition owned by Queensgate, doesn’t kind a part of the deal.
The previous CEO of Generator and Freehand, Alastair Thomann, left the corporate in January 2025 and joined edyn as CEO, a life-style aparthotel model additionally owned by Brookfield.
Jason Kow, CEO of Queensgate Investments, stated: “Queensgate is proud to have acquired Generator… to have remodeled the model, earnings and asset base, and to efficiently exit the European arm to Brookfield at EUR 776 million. We’re pleased with Generator’s journey and look ahead to watching Generator’s continued success beneath Brookfield’s possession.”
Morgan Stanley & Co. Worldwide plc. acted as sole monetary advisor to Queensgate Investments. Brown Rudnick LLP and EY suggested Queensgate.
Kirkland & Ellis, DLA Piper, and KPMG suggested Brookfield.
Highlights:
• Brookfield has acquired Generator’s European operations for €776 million.
• 15 belongings and a couple of,749 rooms throughout Europe are included within the deal.
• Queensgate retains Generator’s US belongings and continues to personal Freehand Motels.
• Alastair Thomann joins Brookfield-owned edyn after exiting Generator.
• A number of international advisory corporations facilitated the transaction.
