Quinlan Private, the Irish private equity real estate group, has sold a 50% stake in its Jurys Inns portfolio company to the Oman Investment Fund (OIF), an investment arm of the Sultanate of Oman. The sales price was not disclosed although media reports have suggested the transaction was worth about EUR 200mln, or half Quinlan's original EUR 400mln equity investment in the Dublin-based premium budget hotel group.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
