12:00 PM EDT, 03/25/2024 (MT Newswires) -- Goldman Sachs' ( GS ) private-equity arm is weighing a potential sale of European budget hotel chain B&B Hotels, Bloomberg reported Monday, citing people familiar with the matter.

Advisers at Goldman and Morgan Stanley are working to identify potential suitors for B&B Hotels, which could fetch a valuation of about 3.5 billion euros ($3.79 billion) in a potential deal, the unnamed sources reportedly told Bloomberg.

The business could garner interest from hospitality groups, as well as private-equity bidders, Bloomberg reported, citing the sources.

Goldman could opt to keep B&B Hotels if offers are unable to meet its expectations, according to the report.

Goldman and Morgan Stanley declined comment, Bloomberg reported.

Neither Goldman nor Morgan Stanley immediately responded to MT Newswires' requests for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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