Jurys Inn investors may grant the hotel chain as much as 160 million pounds ($253 million) in funding in return for a reduction in its debt, the Sunday Times reporting, without citing anyone.
Lenders Royal Bank of Scotland Group Plc (RBS), Allied Irish Banks Plc (ALBK) and Irish Bank Resolution Corp., formerly Anglo Irish Bank Corp., may agree to write down their loans to about 240 million pounds from 600 million pounds, the newspaper said.
Mount Kellett Capital Management LP, a U.S. private equity fund, may become a new investor, according to the Sunday Times.
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