The group - who manage what once was the Jury's Hotel in the city, on the the Ennis Road, adjacent to the Sarsfield Bridge - have reached an agreement to hand the management onto the Strand Hotel, which will take effect from next week.

The Hilton logo will be removed from the landmark location, and The Strand Hotel will begin to operate from next Tuesday.

All the staff were informed of the takeover over the weekend, and it was confirmed that no jobs will be lost.

Businessman John Lally purchased the former Jury's Hotel in 2004, and continued to operate it as a going concern under the Strand Hotel name until its redevelopment commenced in the summer of 2005.

Shannon Development's Director of Tourism John King said the fact the Hilton was leaving the city was not a huge problem. "What is important is that top quality hotel stock - which is what we have on this Ennis Road premises - remains in operation in the city." he explained.

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