A B&B Hotel in Mannheim, Germany Rudolf Stricker | Wikipedia Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion euros ($2.1 billion). Goldman Sachs Merchant Banking Division, the bank's investment fund arm, and PAI Partners did not disclose how much the transaction could be worth in their statement. B&B Hotels had 2018 sales volumes worth 580 million euros, and it runs a network of 476 hotels, competing with the likes of Accor. The global hotels industry has recently shown signs of solid growth, with Marriott issuing a relatively upbeat outlook earlier this month while Accor also expressed confidence over its 2019 outlook in April.
Goldman Sachs is in negotiations with Guggenheim Partners over a reported $ 2.1bn deal to acquire B&B Hotels . The bank is expected to make the purchase through its hedge fund arm , Goldman Sachs Investment Banking Division . B&B Hotels , which operates a portfolio of luxury properties , reported sales volumes of € ##500 m ( $ 647 m ) in 2018 .