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Jurys Inn set to sell for €910m
26 Jan 2015 18:06
Hotel chain Jurys Inn is to be acquired by US private equity firm Lone Star Funds for €910m.
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The company, which has made a number of acquisitions in the Irish market in recent months, is to pay £680m to buy the business from a consortium which includes the Oman Investment Fund and Ulster Bank.
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Jurys Inn operates 31 hotels across Ireland, Britain and Prague, employing around 2,000 people in total.
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Its existing management team, including CEO John Brennan, are set to continue in their positions following the takeover.
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The deal is subject to the backing of competition authorities here and is expected to be completed by the end of March.
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