Global alternative asset manager The Carlyle Group has completed the acquisition of the pan-European B&B Hotel Group for EUR 480 mln. B&B operates a chain of 223 budget hotels with a total of 16,162 rooms across France, Germany and Italy.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
