A PYMNTS Company

Ireland: Competition Regulator clears hotel deal

By  |  March 9, 2015

The Competition Authority has given the green light to the takeover of the Jurys Inn hotel chain by US investment firm Lone Star.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The €910m deal closed at the end of January and gives Lone Star control of 31 hotels, 7,000 rooms and 2,000 staff across Ireland, Britain and the Czech Republic.

    The Competition Authority said it believes the deal will not “substantially lessen competition in any market for goods and services in the State”.

     

    Full Content: Independent

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.