• Lone Star buys Jurys Inn

Lone Star Funds has paid GBP620m for the Jurys Inn hotel chain, and will retain the existing management team. The deal gives the US investor 31 hotels across the UK, Ireland and in Prague, with more than 7,000 rooms.

The sale means a successful exit for owner group Oman Investment Fund, Mount Kellett, Ulster Bank and Westmont Hospitality. The chain has benefited from a recent EUR50m investment in refurbishing and upgrading properties recently.

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