Brookfield Asset Management has agreed to acquire Generator Group’s European operations for €800m (approximately $902m) from UK-based private equity company Queensgate Investments.
The transaction includes 15 properties and 2,749 keys across key cities in Europe such as Amsterdam, Berlin, Copenhagen, Dublin, Hamburg, London, Madrid, Paris, and Rome.
Generator and Freehand Hotels reported an EBITDA of €38.3m for the first half of 2024, an 18% increase from the previous year, driven by better revenue growth of 10% and tight cost management.
Queensgate founder and CEO Jason Kow said: “Generator has been a standout success story for Queensgate, and this transaction is a proud milestone in our journey. Brown Rudnick has been a trusted partner throughout – combining sharp legal advice with a commercial, solutions-driven approach. We value their continued support and look forward to working together on our next chapter.”
Brookfield manages more than $50bn in real estate assets throughout Europe and over $1tn worldwide.
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*Offer ends on Friday, 7th February.
