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Holiday Inn and Jurys Inn among €35bn worth of mergers

By John Mulligan

Published 05/08/2015

The sale of the Holiday Inn Belfast could be Ireland’s biggest-ever hotel according to Paul Collins of CBRE
The sale of the Holiday Inn Belfast could be Ireland’s biggest-ever hotel according to Paul Collins of CBRE

There was €35bn (£24.5bn) worth of merger and acquisitions activity recorded in Ireland during the first half of the year.

A report by law firm William Fry confirms that the biggest deal done during the first six months of 2015 was the €32.6bn (£23bn) acquisition of Dublin-headquartered US pharmaceutical firm Perrigo by Mylan.

Others to come this year include the still to be completed €1.3bn takeover of Aer Lingus by British Airways owner IAG.

Another sizeable deal notched up was the acquisition of Jurys Inns - including their Belfast hotel - by Lone Star Funds. The William Fry report said the leisure sector had continued to perform strongly in the period.

Hotel group Dalata has been among the major buyers. It is Ireland's biggest hotel group and acquired the Holiday Inn on Belfast's Ormeau Avenue, renaming it the Clayton Hotel.

Belfast Telegraph

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