Swedish hotel group on track to buy Jurys Inn for €900m
Hotel chain is set to change hands for the second time in three years
Hotel chain is set to change hands for the second time in three years
Sale of portfolio worth £1 billion to affect six hotels in Ireland
Competition authority cleared the deal earlier this month
US private equity group will buy the hotel chain from investor group
Loan owed by Four Seasons will be transferred into Nama
Group to spend £20m as part of the deal to upgrade the properties
Buyers sought for sizeable Jurys Inn and Radisson Blu hotels in Limerick, while Spanish Arch Hotel in Galway in on the market for €3 million
John Brennan oversaw a financial restructuring that reduced Jurys Inn’s debt by 60 per cent and has set his sights on long-term growth
Refinancing of debt ‘sufficient’ to finance group activities for foreseeable future
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