Ogier advise on Jury's Inn sale

Posted: 28/01/2015

Ogier recently advised on the £680 million sale of the Jurys Inn hotel group to US private equity firm Lone Star.

Ogier acted for the seller, Jurys Inn Holdings, which is owned by Oman Investment Fund, Mount Kellett Capital Management, Ulster Bank, Westmont Hospitality Group and Avestus Capital Partners, following a significant debt restructuring in 2013.

The transaction, which is subject to approval from the Competition and Consumer Protection Commission in Ireland, is expected to close by the end of March.

Jurys Inn, which runs 31 hotels, employs 2,000 people and operates over 7,000 rooms, is expected to report record revenues and profits for 2014.

The Ogier team consisted of Partner Nathan Powell, Managing Associate Richard Daggett and Associate Amy Galley, who worked alongside English advisers Ashurst LLP.


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