The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Jurys Dublin site sold for record-breaking price

28 July 2005

Jurys Doyle Hotel Group has accepted a €260m (£180m) cash bid for its Ballsbridge site in Dublin from property developer Sean Dunne.

The price tag for the 4.85 acre site, which contains the Jurys Ballsbridge hotel, the Towers and the Berkeley Court hotel, sets a new record for Irish land prices.

The company expects the deal to complete by October, subject to shareholder approval, and to finish operating on the site in late 2007.

Operating profit before interest and taxation for the businesses based on the Ballsbridge site was €2.6m (£1.8m) last year.

Jurys said the performance of its four-star properties in Dublin continued to disappoint, but that trading since 19 April had continued to be satisfactory at the group's US and UK properties.

It added recent events in London were having some, impact on the company's operations in the capital.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking