Goldman Sachs Said to Mull €3.5 Billion Sale of B&B Hotels Chain

Goldman Sachs Group Inc.’s private equity arm is exploring a sale of B&B Hotels in a potential deal that could value the European budget hotel chain at about €3.5 billion ($3.8 billion), according to people familiar with the matter.

Advisers at Goldman Sachs and Morgan Stanley are working to identify potential bidders for the business, which opened its first hotel in France in 1990, the people said. It’s drawn inbound interest after completing a €1.25 billion refinancing this month, according to the people.

The sale of B&B could attract hospitality groups as well as private equity bidders, the people ...