RNS Number:1832R
Gresham Hotel Group Plc
22 October 2003


Gresham Hotel Group plc
22nd October 2003

                            GRESHAM HOTEL GROUP PLC

                         Statement re Media Speculation


The Board of Gresham Hotel Group plc has been informed by the representatives of
the consortium, which was the subject of the announcement on Monday 20th October
2003, that they will not be proceeding with their approach.


Enquiries:

Mr. Mon O'Driscoll  Managing Director,                     Tel: + 353 1 667 0233
                    AIB Corporate Finance

Mr. Patrick Coyle   Chief Executive,                       Tel: + 353 1 817 6209
                    Gresham Hotel Group plc 

AIB Corporate Finance Limited, which is regulated in Ireland by the Irish
Financial Services Regulatory Authority under the Investment Intermediaries Act
1995, is acting for Gresham and for no one else in relation to the matters
described in this announcement and will not be responsible to anyone other than
Gresham for providing the protections afforded to clients of AIB Corporate
Finance Limited or for providing advice in relation to the matters described in
this announcement.

This announcement does not constitute an offer or an invitation to purchase any
securities.

The Directors of Gresham accept responsibility for all the information contained
in this announcement.  To the best of the knowledge and belief of the Directors
of Gresham (who have each taken all reasonable care to ensure that such is the
case), the information contained in this announcement is in accordance with the
facts and does not contain anything likely to affect the import of such
information.


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