The 5-acre site of Jurys and The Towers hotels in Ballsbridge, something of a landmark in south Dublin, has been sold to property developer Sean Dunne for 260 million, following months of uncertainty about the future of the Jurys Doyle Hotel Group.

Dunne plans to knock down the existing buildings on the site to build blocks of private apartments.

The hotels will however remain open until 2007, after which the 800 Ballsbridge staff will be relocated to other hotels in the Jurys chain. As many staff are non-EU nationals on temporary work permits, the management of Jurys has promised to hear each case individually.