Lone Star purchases Jurys Inn for £680m

The US GP has bought the company from previous owners Oman Investment Fund (OIF), Mount Kellet Capital Management, Ulster Bank (part of RBS), Westmont Hospitality Group and Avestus Capital Partners.

The transaction follows Jurys Inn's capital restructuring in May 2013 and its recent purchase of three leasehold properties, which operate under the Double Tree by Hilton and Hilton Garden Inn brands.

Company
Jurys Inn operates 31 hotels – four in London, 21 throughout the rest of the UK, five in Ireland and one in Prague. The company employs 2,000 people. Three of the hotels operate under the Double Tree by Hilton and Hilton Garden Inn brands.

People
John Brennan is CEO of Jurys Inn. Hassan Al Nabhani is CEO of OIF. Nick Weber is head of Europe for Mount Kellett Capital Management. John Davison is global head of the strategic investment group at RBS.

Advisers
Vendor – Credit Suisse (M&A); Eastdil Secured (M&A); Ogier, Nathan Powell, Richard Daggett, Amy Galley (Legal); Ashurst (Legal). 

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• Topics
• Buyouts
• UK / Ireland
• Royal Bank of Scotland
• Lone Star Funds
• United Kingdom