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Swedish hotel group Pandox has agreed to purchase the Jurys Inn chain of hotels in the UK for £800 million.
The group has partnered with Middle East and European hotel owner-operator Fattal Hotel Group to acquire 20 investment properties from Amaris Hospitality, along with the Hilton Garden Inn London Heathrow. Meanwhile, Fattal brand Leonardo will operate a total of 36 hotels under the Jurys Inn brand.
Jurys Inn MD Jason Carruthers said in a letter that he and his team would continue to run the Jurys Inn business and no existing contracts would be changed as a result of the acquisition.
Pandox CEO commented that the purchase “achieves a considerable market presence in the UK and the Republic of Ireland, which are large and dynamic hotel markets”.