David Clerkin

MILLIONAIRE property developer Derek Quinlan is reportedly interested in buying the Jurys Doyle Hotel Group.

JURYS Doyle board of directors is expected to respond to a €1 billion bid from Precinct by the end of next week at the latest.

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.

Brian O’Mahony, Chief Business Correspondent

THE mystery surrounding the unsolicited bid for Jurys Doyle Hotel Group resolved itself yesterday.

THE Gresham Hotels takeover saga finally reached its endgame yesterday as the company's major shareholder moved to accept an improved offer that valued the group at €117 million.

THE bidder for the Gresham Hotel group has extended the deadline for shareholders to accept the offer until July 6.

THE Irish Takeover Panel plans to investigate further whether there are any links between two of Gresham Hotel Group’s largest shareholders.

A BID by three property developers to gain control of the Gresham Hotel Group has attracted acceptances from just 28.3% of shareholders.

The consortium behind the Gresham Hotels bid is expected to give shareholders two more weeks to accept its offer after failing to secure 54% of the company.

GRESHAM HOTEL GROUP, currently in the grip of another round of takeover talks, has announced it has boosted pre-tax profits by 40% to €1.7 million before exceptionals for last year.