The Caterer

Doyle family leads race to acquire Jurys Doyle

20 October 2005
Doyle family leads race to acquire Jurys Doyle

Victory is in sight for the Doyle family this week after it increased its stake in the Jurys Doyle hotel group to more than 50%.

The Doyle family consortium, JDH Acquisitions, bought Liam Carroll's 8.3% stake for €49.9m (£34m). Jurys Doyle directors have also backed its €18.90 (£13) per share offer for the group.

However, the battle will not be over until major shareholder and builder Sean Dunne reveals plans for his 28% stake.

A JDH spokesman said: "It doesn't matter if Sean Dunne decides to sell or not, as we are happy to have a simple majority."

JDH said a successful bid will ensure the Jurys Doyle group remains in the hotel business.

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