Property developer to launch rival bid for Jurys hotels

Property developer Sean Dunne is reportedly planning to challenge the Doyle family for control of the Jurys hotel group.

Reports this morning said Mr Dunne was launching a €1.3bn takeover bid for the group, which operates hotels in Ireland, Britain and the United States.

Yesterday, a consortium led by members of the Doyle family announced a formal takeover offer worth €1.25bn.

The daughters of PV Doyle, who built up the hotel empire, already own 42% of shares in the company, while Mr Dunne owns 28%.