Doyle sisters’ consortium now owns almost 48% of group

THE consortium bidding to buy Jurys Doyle have boosted their stake in the hotel chain to close to 48% making it virtually impossible for anyone else to mount a counter bid to the €1.25 billion offer on the table.

It is understood it bought another 0.9% of the equity yesterday. It is led by the three daughters of late hotelier PV Doyle.

Sources said this means any chance of property developer Sean Dunne might make a counter-bid have practically vanished.