Restructuring deal helps Jurys Inn halve debt levels

The Jurys Inn Hotel Group has completed a significant financial restructuring, resulting in an expanded shareholder base and an estimated more than halving of its outstanding debt levels.

The business continues to operate successfully and profitably, but has been dogged by legacy debts — understood to be of the order of £650m (€763m) — dating back to the Quinlan Private-led acquisition of the business from the Jurys Doyle Hotel Group in 2007.

The new deal, the business says, “will accelerate the future growth and development of the group”.