Jurys Inns Group, the Dublin based leading premium budget hotel group, today announced that its flagship hotel in Liverpool has opened for business. Jurys Inns Liverpool is the 17th Inn within the UK and brings the total number of Jurys Inns to 23 in the group.
Jurys Doyle Hotel Group Plc's main shareholders agreed to buy the company, Ireland's largest hotelier, in a transaction that values the business at 1.25 billion euros ($1.5 billion) and ends a four-month takeover battle.
Takeover target Jurys Doyle Hotel Group said on Thursday it had ended a due diligence process being carried out by Precinct Investments Ltd following the withdrawal of the consortium's bank funding support.
Property tycoon Derek Quinlan is potentially interested in making a bid for Ireland's largest hotel group Jurys Doyle (JDH.I), currently valued at around 1.1 billion euros ($1.36 billion), a spokesman said on Monday.
The Group's strategic focus is on the on-going development of its hotels portfolio in Ireland and the UK, the continued roll-out of the Jurys Inns in the UK and continuing to grow its hotel presence in the USA.
Ireland's largest hotel group, Jurys Doyle, said on Monday it had rejected an 960 million euro (660 million pound) takeover bid by Precinct Investments Ltd., saying it did not reflect the company's value.
Jurys Doyle (JDH.I) posted lower first-half pretax profit on Tuesday as the head of Ireland's largest hotel operator said the home market remained difficult but that he was inclined to be optimistic overall.
