Travel

Queensgate’s $400 Million Freehand Purchase Showcases Hostel-Boutique Hotel Hybrids

Freehand

Private equity giant Queensgate is hoping to replicate the feel of Freehand Hotels across world, like the common area here in a Freehand hotel in New York City. Freehand

Skift Take: We first heard about this bid back in July. Now it’s a done deal and Queensgate shows no signs of letting up as it moves to push ahead with hostel-boutique hotel combinations. And at $400 million, it’s not a bad exit for billionaire Ron Burkle either.

— Tom Lowry

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