PAI Partners sold B&B Hotels, a European budget hotel chain, to the Merchant Banking Division of Goldman Sachs for €1.9bn ($2.1bn). “We would like to thank PAI Partners for their efforts and their confidence in our teams. Leveraging our unique concept, brand and entrepreneurial spirit, we look forward to continuing our growth trajectory alongside Goldman Sachs,” Fabrice Collet, B&B Hotels Chief Executive Officer.