Blackstone Circles Jurys Doyle Hotel Chain For Potential Takeover | irishexaminer.com

AN AMERICAN private equity group is said to be circling the Jurys Doyle hotel chain, which last week rejected a takeover approach from a group of property developers. Blackstone, one of the world's largest private investment companies, is reportedly interested in bidding for Jurys. Mergermarket.com, an online financial news agency, says Blackstone and "at least one US hotel and one or more stateside private equity firms were taking an...

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Jurys Doyle Hotel Group operates seven hotels and six inns in Ireland. The Group portfolio in the United Kingdom encompasses six hotels and twelve inns with an additional four inns scheduled by 2007. In the United States there are three hotels in Washington and one in Boston. In all, the Group currently has 7,778 rooms with an additional 1,317 planned by 2007. 44% turnover is generated in Ireland, 46% in the UK and 10% in the USA.