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Investment > Private equity > B&B
B&B    | http://www.hotelbb.com
France - Investment : 32 million euros - 74.1%

B&B
| Description | Presentations |
Press releases

 31/03/2009 2008 Financial results
 13/11/2007 B&B: signature of an agreement with Tank & Rast
 31/10/2007 B&B: closing of premises sale
 30/01/2007 B&B Hotels acquires 100 per cent of the holding company of Villages Hotel group
 17/10/2006 B&B Hôtels enters into exclusive negotiations for the acquisition of Villages Hôtels
 01/08/2005 Eurazeo completes the acquisition of B&B Hotel
 13/07/2005 Eurazeo signs final agreement to acquire B&B Hotel
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2009 Revenues
€177 million in aggregated revenues(2) in France, Germany and Italy, + 11.3 %

EBITDA
€71 million in aggregated EBITDAR(2),
+ 11.3 %
(2) Management account.
Highlights of 2009
• Opening of 20 hotels (3 in France, 3 in Italy and 14 in Germany).

• Continuing renovations to convert to the new concept.

• Multimedia communication campaign (press, TV and internet).

• Revenue growth in a very difficult economic environment.
Economic conditions
Subject as it is to business cycles, the hotel industry had a difficult year in 2009. Overall in the sector, the occupancy rate fell by 6.7% and average prices fell by 1.8%, implying a decrease of 8.5% in the RevPAR (3). The higher categories (three and four stars) were hard hit, with declines in RevPAR of 8.5% and 16.2%, respectively. The budget hotel sector held out better, with decreases in RevPAR for two and one star hotels of 4.3% and 0.6%, while the super-budget segment was balanced (+0.3%). B&B’s performance under these conditions was all the more remarkable, and reflects the substantial gains in market share made during the year. (Source H.I.T. Report MKG France at the end of December 2009.