News

Press Up drops share sale

Press Up Entertainment has dropped a plan to raise up to €50 million through the disposal of a 45 per cent stake in its business to investors. clarence

According to the 'Irish Times', while the sale, which was being handled by stockbroker Goodbody, saw a number of UK-based parties progress to a second round of bidding Matt Ryan and Paddy McKillen Jnr. called a halt to the process in recent weeks.

Press Up had been looking to secure €45 million-€50 million for a 45 per cent stake in the group, a figure based on the chain’s enterprise value of more than €100 million.

Paramount Hotel's €25m price tag

Paramount Hotel in Dublin’s Temple Bar is on the market with an asking price in excess of €25m

The xisting 66-bedroom property and Turk’s Head bar has potential for up to 130 suites

The Hotel occupies a pivotal position on Parliament Street in Dublin’s Temple Bar area.

The sale is expected to attract significant interest from both Irish and international investors looking to establish a presence or consolidate their existing foothold in the capital’s thriving hotel market.

The hotel has been brought to the market by agent CBRE.

GDK plans Irish chain

German Doner Kebab (GDK) plans to open 40 outlets across Ireland starting next year. gdk1119

Claiming roots to an ‘80s Berlin diner, the Glasgow-basd chain has opened scores of branches across the UK, Sweden and the Gulf states of Bahrain, Oman and the United Arab Emirates - but none in Germany.

The firm told the Irish Independent that the first GDK in Ireland would arrive in Dublin by June in an “iconic location” still subject to negotiations, followed by Belfast, then a roll-out to other cities and large towns.

Irish sell in Offenbach

Thirty tourism companies from Ireland travelled to Offenbach, near Frankfurt, this week – to take part in a B2B workshop and networking event with leading German tour gutentag1119

operators. The event was organised by Tourism Ireland, to continue to grow visitor numbers from Germany, our third-largest tourism market, in 2020 and beyond.

Pictured are Denise Quinn, Tourism Ireland; Susan Randles, Randles Hotel; Finola O’Mahony, Tourism Ireland; Sheila O’Callaghan, Lake Hotel Killarney; Brian Miley, The Gleneagle Group; Eva Schmid, Killarney Hotels; and Aoife Hickey, Manor West Hotel, at the B2B workshop in Offenbach.

Kevin cooks in Canada

Chef Kevin Dundon is showcasing Ireland's food and drink experiences in Canada this week. dundon1119

Kevin is pictured wit Jennifer Valentyne, host of The Morning Show; and Dana Welch, Tourism Ireland, during his appearance on The Morning Show, a popular breakfast TV show which airs on the Global television network.

Ireland invited Kevin Dundon to take part in a busy programme of culinary and media events in Toronto this week, which includes an appearance on Canadian television when Kevin highlighted modern Irish cuisine on The Morning Show, a popular breakfast TV show which airs on the Global television network to around 240,000 viewers;

an appearance on the popular Your Morning breakfast show on CTV (on 19 November), which has over 379,000 viewers; and

interviews with influential food and travel journalists who write for the Toronto Sun and Toronto Star newspapers.