10 November 2021, Virtual
London, UK - November 2021
London, UK - December 2021
Hotel operator, Jurys Inns, has sold its 20 properties to Quinlan Private for ”1.17bn in order to concentrate on its upper range portfolio.
Dublin-headquartered Jurys Doyle Hotel Group, was taken private in 2005 by the founding Monahan, Roche, Gallagher and Beatty families, through investment vehicle, JDH Acquisitions.
Following a strategic review by Crownway Investments, the Group was structured into two divisions ” luxury hotels and Inns businesses - with the latter in 20 city centre locations ” 14 in the UK and six in Ireland.
In January, the Group announced that it would make significant capital investments in a number of its luxury properties including the Westbury Hotel, Jurys Kensington, Jurys Clifton Ford, Jurys Great Russell Street and Jurys Bristol. Two more hotels were recently built in Croke Park, Dublin and in Cork as well as three properties in Washington and one in Boston.
The highly-acquisitive Quinlan Private also bought 47 Marriott International hotels earlier this year for around ”1.1bn.
A spokeswoman for Jurys Inn told ABTN from Dublin that discussion was still ongoing as to any change in name under the new owners. ”The name has not been confirmed [but] I know there has been speculation about it,” she said.