B&B Hotels

B&B Hotels is an Economy hotel chain that was founded in Brest in Brittany, France in 1990, and has since expanded into several European countries. As of July 2020, the chain manages 470 hotels, including 292 hotels in France and 126 hotels in Germany. It also has locations in Italy, Spain, Portugal, Czech, Belgium, Austria, Poland, and Brazil.

B&B Hotels
TypeHotel Chain
IndustryHotels
Founded1990
Headquarters
Brittany
,
France
Number of locations
470

History

The hotel chain was founded in 1990 by François Branellec of Galaxie SA. The first hotels opened simultaneously in Brest and Saint-Malo in Brittany, France. Branellec sold the chain to Duke Street Capital in 2003.

Shareholding

The group was acquired by British fund Duke Street Capital in 2003.[1] Then Galaxie SA was sold to Eurazeo in 2005, and one year later, Galaxie SA rebranded as B&B Hotels.[2] In 2010, Eurazeo sold the hotel chain to Carlyle Group, one of the largest US private equity funds.[3][4] In 2015, Paris-based investment fund PAI Partners bought it from Carlyle.[5] On 20 May 2019, PAI Partners announced that it had entered into negotiations with the Merchant Banking division of Goldman Sachs for the sale of the B&B chain.[6] The sale, that was scheduled for the second half of 2019, was estimated at around $2.2 billion.[7]

B&B Hotels in France

In 1990 the first hotels opened in Brest and Saint-Malo. In 2007 the group acquired Village Hotels and added 60 new hotels to its portfolio in France. In 2012, the 200th hotel was opened. In 2015, it opened in Disneyland Paris.[8] As of July 2020, B&B Hotels manages 292 hotels in France, making it one of the country's largest hotel operators in the economy segment. Its competitors include Ibis Budget, Groupe du Louvre, and HotelF1.

B&B Hotels in Germany

In September 1998 the first hotel in Germany was opened in Ingolstadt. The second hotel opened a year later in Genshagen near Berlin. This was followed by the Hanover and Cologne locations in 2000. The following year, Braunschweig, Leipzig and Würselen near Aachen were added. In 2002 the company continued to grow and set up another location in Bochum.[9] In 2006, further locations were opened in Niederrad and Munich. In the following years a further 51 hotels were added across the country.

B&B Hotels is one of Germany's biggest hotel chain groups by number of hotels. At the end of 2018 there were a total of 122 B&B hotels in Germany with over 12,400 rooms.[10]

References
  1. "Duke Street to buy hotel operator for £139m". The Times. July 10, 2003.
  3. "Eurazeo cède les hôtels B&B au fonds Carlyle". La Tribune (in French). September 28, 2010.
  4. "The Carlyle Group Closes Acquisition Of B&B Hotels For €480 Million". 28 September 2010. Archived from the original on 5 March 2016. Retrieved 14 December 2014.
  5. "Les Hôtels B & B changent de mains". Le Figaro (in French). December 15, 2015.
  6. "Goldman checks into B&B Hotels". The Times. May 21, 2019.
  7. "Goldman Is in Talks to Buy $2.2 Billion B&B Budget Hotel Chain from PAI". Bloomberg. May 20, 2019.
  8. https://www.hotel-bb.eu/about-bb-hotels-group/
  9. "Philosophie & Geschichte". B&B Hotels (in German). Archived from the original on 2013-10-29.
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