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13/07/2001
JURY’S PROFITS UNTOUCHED BY FMD
THE impact of foot-and-mouth disease seems to have had little bearing on the success of the Jury’s Doyle Group which on Thursday recorded an increase in pre-tax profits of 11 percent.
The company, which owns a chain of hotels in Northern Ireland, the Republic of Ireland, mainland Britain and USA, showed pre tax profits of £34 million and an increase of 15 percent in turnover for the year ending 30 April 2001.
Pat McCann, Chief Executive of Jury’s said: “We had a very active year and maintained our strong position in the domestic market. The impact of foot and mouth disease which although negative, was not significant due to our strategy of developing hotels and inns in geographically diverse, busy city centre locations.”
The hotel group also announced on the same day plans to develop a £17.9 million Jury’s Inn in Newcastle, England as part of their expansion plan.
Mr McCann added: “In the UK we had a good year. In line with our corporate strategy, we expanded our inns brands in headline cities with strong year round trade. Thursday’s announcement of the development of Jury’s Inn Newcastle is an integral element of that strategy.”
However the group is set to dispose of the Park Hotel in Birmingham, which it acquired for £8.25 million during the takeover of the Chamberlain Hotels group.
The chief executive said the company’s key priority in the year ahead was to continue to enhance their geographic spread across Europe and the United States in strong city centre locations. (AMcE)
The company, which owns a chain of hotels in Northern Ireland, the Republic of Ireland, mainland Britain and USA, showed pre tax profits of £34 million and an increase of 15 percent in turnover for the year ending 30 April 2001.
Pat McCann, Chief Executive of Jury’s said: “We had a very active year and maintained our strong position in the domestic market. The impact of foot and mouth disease which although negative, was not significant due to our strategy of developing hotels and inns in geographically diverse, busy city centre locations.”
The hotel group also announced on the same day plans to develop a £17.9 million Jury’s Inn in Newcastle, England as part of their expansion plan.
Mr McCann added: “In the UK we had a good year. In line with our corporate strategy, we expanded our inns brands in headline cities with strong year round trade. Thursday’s announcement of the development of Jury’s Inn Newcastle is an integral element of that strategy.”
However the group is set to dispose of the Park Hotel in Birmingham, which it acquired for £8.25 million during the takeover of the Chamberlain Hotels group.
The chief executive said the company’s key priority in the year ahead was to continue to enhance their geographic spread across Europe and the United States in strong city centre locations. (AMcE)
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Irish hotels group Jurys Doyle has unveiled plans to open three more UK sites at a cost of £56.3m. The hotel group plan on taking its Jurys Inns brand to Glasgow, Leeds and Chelsea in London and, together with a Jurys Inn currently under construction in Newcastle, the developments will expand group capacity by almost 1,000 bedrooms.
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Signs of recovery for Hilton group of hotels
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Botanic Inns Ranked In Top 100 UK Workplaces
The award winning Botanic Inns Group has achieved its highest ever ranking in ‘The Sunday Times 100 Best Companies to Work For’ and for the fourth year running is the only Northern Ireland Company to be recognised in the medium sized business category.
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