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JLL advises on the sale of B&B-branded portfolio in Germany

​JLL has exclusively advised on the sale of a portfolio of 22 B&B-branded hotels throughout Germany on behalf of The Carlyle Group to the French REIT Foncière des Murs. The 2,271-key portfolio was sold at a price of €128 million subject to long-term lease agreements with the B&B Group.

“This deal underlines the strong interest in the budget segment and investors’ continuous trust in the German hotel market”, said Ursula Kriegl, Executive Vice President, JLL Hotels & Hospitality Group.