The board of Jurys Doyle has rejected an unsolicited approach from Precinct Investments.
In a statement, the hotel group said the €15.25 per share offer did not reflect the value of Jurys Doyle and its prospects.
Jurys operates over 30 properties in Ireland, the UK and the US
Precinct is the consortium that successfully bid for the Gresham Hotel group last year. It is made up of property developer Brian Cullen, solicitor David Coleman and Wexford-based builder JJ Murphy.
Shares in Jurys Doyle closed up 27 cent to €14.88 in Dublin this evening.
