RNS Number:5435N
Gresham Hotel Group Plc
14 July 2003






Gresham Hotel Group plc

Announces completion of the Sale of two of its Ryan Branded Hotels for Euro21.89 
million

On 9 June 2003, Gresham Hotel Group plc announced that it had agreed to dispose
of its Ryan Branded Hotels, namely the Killarney Ryan Hotel and Leisure Centre
(Killarney Ryan), the Limerick Ryan Hotel and Conference Centre (Limerick Ryan)
and the Galway Ryan Hotel and Leisure Centre (Galway Ryan), for an aggregate
cash consideration of Euro35.75 million.

Gresham Hotel Group plc announces that, on Friday 11 July 2003, it completed the
disposal of two of these Ryan Branded Hotels, namely the Galway Ryan and the
Limerick Ryan.  These disposals were completed in accordance with the terms
announced on 9 June 2003, for an aggregate cash consideration of Euro21.89 million.

As announced on 9 June 2003, it is anticipated that the sale of the Killarney
Ryan will be completed by the end of November 2003.

Gresham Hotel Group plc has previously announced its intention to focus on four
star city centre hotels and to cluster its properties in appropriate locations.
The disposal of the Ryan Branded properties is consistent with this strategy and
the funds raised from the disposals will create increased flexibility to further
expand the Group in line with this strategy.





Patrick Coyle, Chief Executive, Gresham Hotel Group plc          +353 1 817 6209
Peter Coyne, AIB Corporate Finance Limited                       +353 1 667 0233
Fiona Gillespie, Communications Consultant                       +353 87 2502447


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