World B&B ready to splurge
Hotelsschedule 01 April 2021
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B&B has raised EUR 180 mln for its worldwide development plans.
The company intends to use the funds to build new hotels over the next five to ten years. Around EUR 100 mln of the capital comes from a bank loan, while the remaining 80 mln comes from a capital injection. Over 2021, the group is planning to open at least 70 hotels.
I would like to thank our investors and shareholders and in particular our majority shareholder Goldman Sachs – who immediately responded to our request for more capital. This demonstrates that the hotel sector has a future
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