LONDON: Amaris Hospitality, the Irish-headquartered group of 74 British and Irish hotels that includes Jurys Inn, generated earnings (ebitda) last year of about £93 million (€104 million) on sales of £392 million, according to accounts provided to The Irish Times.
The financial statements illustrate how the US private equity group Lone Star, which owns Amaris, has used Jurys Inn as the linchpin of the newly assembled hotel group, which also includes properties operating under other brands such as Accor and Hilton. It has total assets of £1.7 billion. The 2015 accounts for Amaris cover the period when the group, comprising several disparate portfolios bought by Lone Star, was stitched together with Jurys Inn at its heart.
Amaris is run by chief executive John Brennan, the former chief executive of Jurys Inn, and headquartered at the Irish chain’s old Dublin offices. The accounts don’t include full-year contributions from all of the portfolios that comprise the group. For example, the Amaris accounts capture only 10 months of Jurys Inn’s performance, and as little as six months of some of the other hotels.
