Brookfield to Acquire Generator Hostels' European Operations

Key Points

• Brookfield Asset Management is acquiring Generator Hostels' European operations for €776 million from Queensgate Investments.
• The deal includes 15 properties with 2,800 keys across 10 countries, focusing on affordable lifestyle accommodations for younger and budget-conscious travelers.
• Brookfield aims to expand Generator through further acquisitions and management agreements, leveraging its extensive hospitality real estate experience.

Summary

Brookfield Asset Management has agreed to acquire Generator Hostels' European operations from Queensgate Investments for €776 million, encompassing 15 properties in 10 countries and 2,800 keys. Generator is known for its affordable, lifestyle-focused accommodations targeting younger and budget-conscious travelers. Brookfield plans to grow the brand further through additional acquisitions and third-party management, building on its strong track record in hospitality real estate.