Kelly group opts out of race for Jurys Doyle group

HOTELIER Paddy Kelly formally ruled himself out of a late counterbid for the Jurys Doyle Hotel group yesterday.

Mr Kelly, whose interests include the Choice hotel group, office space specialist Prem Group and Heuston Hospitality, said he had decided against tabling an offer.

A statement issued to the stock exchange on behalf of Mr Kelly and Choice, Prem and Heuston directors said they were quitting the race.