Brookfield Asset Management to acquire European operations of Generator Hostel for €776m.

Brookfield Asset Management, an investment management company, agreed to acquire European operations of Generator Hostel, a chain of hostels, from Queensgate Investments, a private investment firm, for €776m. “Queensgate is proud to have acquired Generator smartly EUR at 440M, to have transformed the brand, earnings and asset base, and to successfully exit the European arm to Brookfield at EUR 776M. We are proud of Generator’s journey and look forward to watching Generator’s continued success under Brookfield’s ownership,” Jason Kow, Queensgate Investment CEO.