Carlyle eyeing B&B budget hotel chain sale: report

Reuters - July 17th, 2015

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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.

Carlyle and Montefiore Investment declined comment. A spokeswoman at Morgan Stanley in Paris was not immediately available for comment.

Carlyle bought B&B Hotels from French private equity group Eurazeo (EURA.PA) in 2010 for around 480 million euros.

Launched in the western French region of Brittany in 1990, B&B Hotel Group has positioned itself at the high-end of Europe's budget hotel segment, serving both business and leisure travelers, having achieved a business volume of 320 million euros last year.

(Reporting by Pascale Denis, Dominique Vidalon, Matthieu Protard, additional reporting by Freya Berry in London; Editing by Andrew Callus)

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