Precinct Investments' deal to buy Irish hotel chain Jurys Doyle was revitalised this week when it won the backing of the Bank of Scotland, allowing it to continue its four-month courtship of the hotel company.
Precinct has until Friday (2 September) to make a formal bid for the hotel group and is chasing a 50.1% stake. A spokesperson for Jurys Doyle said Precinct had not approached the group since acquiring new backing following the Anglo Irish Bank withdrawal from its provisional offer of €
Speculation has been growing over other bids for the group. Sean Dunne, owner of property developer Mountbrook Homes and an 18.2% shareholder in Jurys Doyle, has had a €