Simultaneous insolvencies and new openings across the leading publican’s portfolio can be head-spinning. They reflect the fortunes of venues financed independently and carrying different baggage from pandemic times.
Describing himself as a "budding, young sprightly 64 years of age”, Denis Connolly took the stand to give his side of the bitter hotel ownership row while independent expert Kieran Wallace elaborated on his concerns over the business's accounts.
All Christmas bookings will be honoured at the bar and restaurant complexes, and the receivership will not affect the wider Nola Clan group.
The US luxury short-term letting firm collapsed suddenly this month after a deal with the Marriott hotel chain went sour, pulling its Irish business down with it.
The Foxhunter is the latest tenant of a property placed in receivership by Paddy McKillen Jr’s property lenders to face its own insolvency proceedings.
Marshalling an army of relatives and staff, the Dublin publican is never finished re-inventing a generations-old business.
Back in 2022, Paddy McKillen Jr controlled interests across property, hospitality and serviced offices. As loans are called in, cross-guarantees given at the time are now biting.
A company called Orsay Ltd says it agreed a sale with the receivers of Paddy McKillen Jr's pub in Clonskeagh but receivers terminated the deal because of an alleged breached confidentiality clause.
It’s a big mixed bag this year. The hospitality sector got its much anticipated Vat cut and R&D tax credits were expanded. Film and games will be happy but start-ups are left feeling cold.
Creditors agreed to the wind-up of the companies, which owe millions of euro. Meanwhile, a separate row between McKillen Jr and his property lender Relm is escalating in the High Court.
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