A bicirculant is a regular, $d$-valent graph that admits a semiregular automorphism of order $m$ having two vertex-orbits of size $m$. The vertices of each orbit induce a circulant graph of order $m$ and the remaining edges span a regular bipartite graph of valence, say $s$, $1 \leq s \leq d$, connecting the two vertex-orbits. Generalized Petersen graphs constitute a prominent family of bicirculants, with $d = 3$ and $s = 1$. In 1983, Brian Alspach proved that all generalized Petersen graphs are hamiltonian, except for the family $G(m, 2)$ with $m\equiv 5\pmod 6$. In this paper we conjecture that among all connected bicirculants of valence at least 2, there are no other exceptions. It follows from various sources that the conjecture is true for all cubic bicirculants. In this paper we prove the conjecture for quartic bicirulants with $s = 2$, also known as the generalized rose window graphs.