Lone Star Funds to acquire Jurys Inn for €900m | irishtimes.com

US private equity group Lone Star Funds is to pay £680 million (€909mn) to acquire the Jurys Inn chain of 31 hotels from a group of investors. The hotel chain is being sold by the Oman Investment Fund, Mount Kellett Capital Management, Ulster Bank, Westmont Hospitality Group and Avestus Capital Partners. Jurys Inn operates 21 UK provincial hotels, four London hotels, five hotels in Ireland and one in Prague. It employs approximately 2,000 people.