Philippines
http://admin.travelmole.com/images/stories/2009/images/Freehand-LosAngeles.jpg

Published on Wednesday, October 16, 2019

Queensgate buys US hotel brand



 





Freehand Los Angeles


Queensgate Investments, owner of UK-based Generator Hostels, has inked a $400 million deal to acquire the four-hotel portfolio of Freehand Hotels.


The fully-owned hotel assets add more than 900 rooms in Manhattan, Miami Beach, Los Angeles and Chicago.


Queensgate also purchased the interests of Broken Shaker bars which operate out of the four hotels.


Queensgate bought the Generator Hostels business two years ago and with the Freehand acquisition now has 19 hotels.


"The acquisition of Freehand is of strategic importance to Generator," said Queensgate director Puneet Kanuga.


Queensgate says it plans further openings in European gateway cities like London, Milan and Amsterdam.


The Freehand hotels offer a hybrid mix of private and shared rooms with hostel-style social spaces.


Last year Queensgate purchased the Courtyard by Marriott Washington, D.C for more than $50 million and plans to rebrand it to a Generator property.


Generator also launched its first US hotel in Miami in 2018.


 

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Has business been non-stop since the relaxation of quarantine ?
Yep 48.78 %
Nope 51.22 %

Thank you for your vote



What is GoodtoGo?

Submit your news
or special offer


Current UK Special Edition



Current US Special Edition



Current Asia/Pacific Special Edition



LATEST 'MOLE VIDEOS

Babble.cloud see a new way of working post Covid

Traveltek adopt a new way of working but plan to expand product portfolio post Covid-19

Jamaica prepares to open for business ... Donovan White talks to TravelMole

Expedia Travel Agent Affiliate Program (TAAP): Meet Alfonso Paredes, Senior Vice President

UPCOMING EVENTS
\m