Sell-off speculation as Jurys takes €75m dividend from British subsidiary

Hotel group Jurys Doyle has stripped a dividend of stg£50 million (€75 million) from the subsidiary that runs its hotels in Britain.

2nd December, 2006

Hotel group Jurys Doyle has stripped a dividend of stg£50 million (€75 million) from the subsidiary that runs its hotels in Britain.

The move will fuel speculation that the company, which was taken private by a consortium headed by the Doyle family in a deal worth €1.25 billion last year, is shaping up for a sale of some or all of its 16 British hotels.

Details of the dividend, which was paid to a Dutch...

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