Jurys Doyle shareholder Sean Dunne is mulling the options for his 28 percent stake in the hotel operator, but these do not include an offer of his own for the company, which is already the subject of a takeover bid.
Earlier this week the Doyle family, through the vehicle, JDH Acquisitions, took control of the hotel groupl after paying close to €50 million for part of a key shareholder's stake in the company.
"We're in a position where we could stay as long-term shareholders or where we could sell out," Mr Dunne told reporters today after completing the purchase of five acres of real estate in Ballsbridge from Jurys. "I know the value of the company because I looked at it very closely ... and for me there's enhanced value for the shareholders above €18.90."
Mr Dunne said that if he remained a large stakeholder in Jurys, he would most likely seek representation on the board and would probably want to take up the place himself.
The property developer also said he would be interested in buying the remaining two acres of Jury's prestigious Ballsbridge site, which the company said would be put out to a private tender process tomorrow.