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Goldman Sachs In Talks To Buy B&B Hotels From PAI Partners

Published on May 24 2019 9:30 AM in Hotel tagged: Trending Posts / Goldman Sachs / PAI Partners / B&B Hotels

Goldman Sachs In Talks To Buy B&B Hotels From PAI Partners

Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies have revealed, in a deal which a report from The Financial Times said could be worth €1.9 billion.

Goldman Sachs Merchant Banking Division, the bank's investment fund arm, and PAI Partners did not disclose how much the transaction could be worth in their statement.

Sales And Network

B&B Hotels had 2018 sales volumes worth €580 million, and it runs a network of 476 hotels, competing with the likes of Accor.

The global hotels industry has recently shown signs of solid growth, with Marriott issuing a relatively upbeat outlook earlier this month while Accor also expressed confidence over its 2019 outlook in April.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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