Goldman Sachs (Merchant Banking) Agrees to Buy B&B Hotels from PAI Partners
May 20, 2019
PAI Partners has entered exclusive negotiations to sell B&B Hotels, the France‑headquartered budget hotel chain operating across Europe, to the Merchant Banking Division of Goldman Sachs. The deal—subject to employee consultations and regulatory approvals—is expected to close in H2 2019 and transfers a platform that PAI expanded to 486 hotels and 42,832 rooms across 12 countries.
- Buyers
- Goldman Sachs (Merchant Banking Division)
- Targets
- B&B Hotels
- Sellers
- PAI Partners
- Industry
- Restaurants & Hospitality
- Location
- Île-de-France, France
- Transaction Type
- Buyout
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