RNS Number:1138S
Gresham Hotel Group Plc
14 November 2003





                            Gresham Hotel Group plc

                         Statement Re. Initial Approach



Gresham Hotel Group plc ("Gresham" or "the Company") announces that it has
received an approach, which may or may not lead to an offer being made for the
Company.  A further announcement will be made in due course.



A holder of 1% or more of the shares of Gresham may have disclosure obligations
under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2001,
effective from the date of this announcement.



Enquiries:
Mon O'Driscoll       Managing Director, AIB Corporate Finance                 Tel: + 353 1 667 0233
Mr. Patrick Coyle    Managing Director, Gresham Hotel Group plc               Tel: + 353 1 817 6209




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.



14th November, 2003



ENDS


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