Fate of 33 Jurys hotels hits snag

THE fate of Jurys Doyle’s 33 hotels hit a further snag yesterday as bankers to developer Sean Dunne delayed the payment of the €260 million to purchase the prestigious Ballsbridge 4.8-acre site.

Delays in finalising the sale of the hotly contested land bank could affect the timing of a formal offer of €1.2 billion or €18.90 per share for the rest of the group by the Doyle family consortium.

Between them they control over 42% of the equity in the group while Mr Dunne has over 28% under his control.