Carlyle eyeing B&B budget hotel chain sale | reuters.com

U.S. private equity giant Carlyle (CG.O) has mandated Morgan Stanley to look into the sale or the stock market listing of its budget hotel chain B&B Hotel Group in the Autumn, French daily Les Echos reported on Friday. Carlyle controls 80 percent of B&B Hotel Group, an operator of over 300 hotels across Europe, along with Montefiore Investment, which has a 15 percent stake. B&B Hotel Group managers hold the remaining 5 percent.

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The budget hotel group B&B HOTELS is currently represented with 540 hotels in thirteen countries, including France, Germany, Spain, Austria, Switzerland, Belgium, Brazil, and now also the Netherlands. Centrally located in the city or conveniently located on the outskirts of the city - all B&B hotels are characterized by attractive value for money and modern facilities.