American group circles Jury Doyle hotel chain for potential takeover

AN AMERICAN private equity group is said to be circling the Jurys Doyle hotel chain, which last week rejected a takeover approach from a group of property developers.

Blackstone, one of the world's largest private investment companies, is reportedly interested in bidding for Jurys.

Mergermarket.com, an online financial news agency, says Blackstone and "at least one US hotel and one or more stateside private equity firms were taking an interest in developments at Jurys."