Goldman Sachs Considers Selling B&B Hotels Chain

Goldman Sachs Group Inc.'s private equity arm is reportedly exploring a potential sale of B&B Hotels, the European budget hotel chain, with a projected valuation of about €3.5 billion ($3.8 billion). The sale process is being facilitated by advisers at Goldman Sachs and Morgan Stanley to identify potential buyers. B&B Hotels, which opened its first hotel in France in 1990, has garnered significant interest after completing a €1.25 billion refinancing this month.