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Queensgate Investment completes Generator US refinancing with Apollo

Queensgate Investments has successfully completed a refinancing of two of its Generator Group lifestyle hotels in the US for circa $55m with funds managed by Apollo.

This follows a circa €600m 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 €100m 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 £3bn worth of assets through the suite of its funds.

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