Hotel & Restaurant Sector

The Well, Dublin’s Newest Bar, Opens on Stephen’s Green

Food For Thought – 31.07.2019

Dublin’s newest bar has opened on Stephen’s Green, on the site of the former Dandelion venue.

The Well is billed as a multifunctional bar, and is split into two distinct areas – a café-bar, coffee shop & restaurant upstairs, and an event space at basement level. The new venue serves a range of coffee, beers, wines, spirits and a bespoke cocktail menu along with food from the on-site kitchen operated by Dublin Pizza Company. The Well also provides a co-working space. Speaking on the launch, Dan MacDonnell, Partner, The Well said: “We are delighted to be opening the doors of this new and vibrant venue at one of Dublin’s most prominent locations. The Well will provide something for everyone, whether it’s business meeting over coffee, catch up with friends for drinks and pizza, or a quiet creative space to work”.

Paddy McKillen jnr’s Press Up selling stake for up to €50m

Irish Times – 16.08.2019

Press Up’s owners are seeking to secure €45 million-€50 million for a 45 per cent stake in group, a figure that is based on the chain’s enterprise value of more than €100 million. The share sale relates to Press Up’s trading operations only and does not involve any of the properties in which its 46 bars, restaurants and hotels operate. The company’s portfolio, which includes the Stella Theatre, Angelina’s, Captain Americas, Elephant & Castle and the Dean hotel are mostly located in buildings delivered by Mr McKillen jnr and Mr Ryan’s development business, Oakmount, which is operated independently of Press Up.