The battle for Jurys Doyle hotels is expected to reignite this week following the sale of its Dublin Ballsbridge site.
Developer Sean Dunne was due to complete the €
One industry insider said rumours were "running wild" about the future of the hotel group. "Things are really going to hot up once the Doyle family make a bid," he said.
The Doyle family consortium, which owns a 42% stake in the business, has indicated it will bid €
The source added: "The key is whether Dunne decides to sell out of the group. If he does, he could make €
The Doyle family first approached the company about a possible takeover last month.