Quinlan Private, the syndicated property and hotel group led by former tax inspector Derek Quinlan, faces a capital gains tax bill of £84.5m if it sells its Jurys Inns hotel properties at book value and if rollover relief cannot be claimed, according to accounts for Vesway, the holding company behind the venture.

The accounts are for 2007 and predate the decision by the Oman Investment Fund to acquire a 50% stake in the hotels business from the syndicated property and hotel group. Sources close to Jurys Inns said that Quinlan Private had no external investors in the hotel chain prior to the Oman fund becoming involved.

The accounts show Vesway paid interest of just £91,000 on loans repayable between one and five years. The loan profile shows those loans came to £561.5m but sources close to Jurys Inns said this was an "anomaly" because some of the loans had moved for being due in more than five years to being due within one and five years during the accounting period. The total interest bill paid by Vesway on its loans was more than £30.2m. Vesway's accounts show it had goodwill of more than £264.77m, a figure which was not written down because Quinlan Private opened additional hotels and continues to expand. The goodwill is being amortised over 20 years.

Total recognised losses for the company between May and December 2007 came to more than £30.7m.