Home Finance European Hotelier Queensgate Investments Defaults on $71MM Freehand Los Angeles Loan as Market Pressures Mount
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European Hotelier Queensgate Investments Defaults on $71MM Freehand Los Angeles Loan as Market Pressures Mount

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London-based firm's default highlights mounting challenges for Los Angeles hospitality sector London-based private equity firm Queensgate Investments has defaulted on $70.8 million in debt tied to its Freehand Los Angeles hotel, marking the latest distress signal from a Downtown hospitality market grappling with homelessness, regulatory pressures, and post-pandemic tourism struggles. The 226-key boutique hotel and […]

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