Jurys out on hotel sale

Ireland’s business world was startled less than two weeks ago when an unsolicited approach was made to the Jurys Doyle hotel group by an unknown bidder.
It emerged in recent days that the so-called Precinct Consortium was behind the takeover attempt. This group is spearheaded by property developer Brian Cullen. It also includes solicitor David Coleman and Wexford builder J.J. Murphy.
On Monday morning the Jurys Doyle board, meeting in one of their own hotels, bluntly rejected Precinct’s initial approach, which comprised an offer of