US-based Carlyle Group has acquired the European B&B Hotels chain for €480m ($651m) from French private equity firm Eurazeo. The chain comprises 223 budget hotels with a total of 16,162 rooms across France, Germany and Italy. Carlyle plans to refurbish its establis
US-based Carlyle Group has acquired the European B&B Hotels chain for €480m ($651m) from French private equity firm Eurazeo.
The chain comprises 223 budget hotels with a total of 16,162 rooms across France, Germany and Italy.
Carlyle plans to refurbish its established hotels and open new properties across Italy, Germany, Poland, Portugal and the Netherlands, according to propertyweek.com.
