developments – Licensed & Catering News (LCN) – News Coverage from the Local Trade https://lcnonline.co.uk An Online Resource and Voice for the Industry and Key Decision Makers Tue, 30 Apr 2024 12:51:08 +0000 en-GB hourly 1 https://wordpress.org/?v=6.5.2 https://lcnonline.co.uk/wp-content/uploads/2020/11/cropped-LCN-Icon-32x32.png developments – Licensed & Catering News (LCN) – News Coverage from the Local Trade https://lcnonline.co.uk 32 32 Slieve Russell Hotel on market for £30m https://lcnonline.co.uk/slieve-russell-hotel-on-market-for-30m/ Tue, 30 Apr 2024 12:51:08 +0000 https://lcnonline.co.uk/?p=25475 The Slieve Russell Hotel in Co Cavan has been put in the market with a  £30m price tag. The four-star golf resort and country club

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The Slieve Russell Hotel in Co Cavan has been put in the market with a  £30m price tag.

The four-star golf resort and country club in Ballyconnell, once formed the showpiece of former billionaire Seán Quinn’s business empire in the Fermanagh and Cavan border region.

The asking price for the hotel, which sits in a 300-acre country estate, is higher than previously reported but is still expected to trigger a bidding war between Irish and international investors.

Cavan-born businessman and one-time Irish presidential candidate Sean Gallagher is expected to be among the bidders.

However, he maintained he would only progress the offer with Sean Quinn’s blessing.

Image of lush green golf fairways and trees in the Slieve Russell estate.
The Slieve Russell’s 18-hole championship course is one of just eight PGA national-designated resorts in the world.

The Slieve Russell has been under control of the Irish Bank Resolution Corporation (IBRC) since 2011.

It has remained profitable and around €7.5m has been invested in upgrading the resort since 2019.

With capacity for up to 1,000 guests, the 224-bedroom hotel remains a popular choice for weddings and events in the border region.

Opened in 1990, the Ballyconnell resort features 50 acres of lakes and is considered one of the island’s best parkland golf courses.

Designed by Patrick Merrigan, its 18-hole championship course is one of just eight PGA national-designated resorts in the world.

Commenting on the Slieve Russell listing, Paul Collins, who heads CBRE’s hotel division said: “This is a rare opportunity to acquire one of Irelands best known and highly profitable resort hotels.

“The scale of ongoing investment in the hotel’s facilities and its growing business will appeal to the national and international investment market.”

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Vietnamese coffee tradition brought to Ormeau Road https://lcnonline.co.uk/vietnamese-coffee-tradition-brought-to-ormeau-road/ Tue, 30 Apr 2024 11:37:48 +0000 https://lcnonline.co.uk/?p=25463 A Vietnamese restaurateur is bringing the Southeast Asian country’s coffee tradition to a new store in south Belfast. William Chan  has opened the first branch

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A Vietnamese restaurateur is bringing the Southeast Asian country’s coffee tradition to a new store in south Belfast.

William Chan  has opened the first branch of Phin on Ormeau Road after selling Madame Pho, the Vietnamese restaurant he founded in 2020.

Phin, named after a tool used in coffee brewing in Vietnam, has opened at a unit previously occupied by coffee shop chain District.

Mr Chan said he had a “passion” for hospitality after growing up in the trade, with his family owning Furama, a Chinese restaurant in Antrim for over 30 years.

He added: “I previously had a Vietnamese restaurant in Belfast, Madame Pho, as well, and it was always our plan to open a standalone coffee business.

“Coffee culture is actually really big in Vietnam so we wanted to bring quite an authentic experience to Belfast and really just educate people on Vietnamese coffee.

“It’s actually the second-largest grower of coffee in the world and I don’t think a lot of people are educated on that.

“It uses a Robusta bean which in a lot of places is used as a filler bean to mix in with premium Arabica, but we’re trying to use it as a premium blend, which is what they do in Vietnam.”

On the possibility of more venues, he said: “We’re just trying to get this set up first but we do have plans to open a few more. We would love to be able to bring this to different areas of Belfast. That’s definitely in our plans.

“We’ll be doing the Vietnamese banh mi sandwiches, sort of like Vietnamese baguettes, just to really complement the authenticity of what we’re trying to do.”

Phin isn’t the first Vietnamese coffee shop here. Brothers Gary and Martin Small opened the first Vietnamese coffee shop on the island of Ireland in Belfast’s Great Victoria Street in 2017, though the unit closed down during the Covid-19 pandemic.

Gary said it had since become a major supplier in the UK, supplying many Vietnamese coffee shops and restaurants.

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Pub up for sale following owner’s death https://lcnonline.co.uk/pub-up-for-sale-following-owners-death/ Tue, 30 Apr 2024 11:10:59 +0000 https://lcnonline.co.uk/?p=25456 A pub and restaurant in Co Armagh has been put up for sale after the death of its owner The Portmor in Blackwatertown outside Dungannon has

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A pub and restaurant in Co Armagh has been put up for sale after the death of its owner

The Portmor in Blackwatertown outside Dungannon has been listed for sale for an undisclosed sum through estate agents Osborne King but will continue trading as normal for the time being until a buyer is found.

The business was owned by Nigel Reah and his two daughters Marie-Claire and Marysia.

But Mr Reah died suddenly in March and his daughters are now seeking to “pursue new opportunities”.

According to the sales brochure, the two-storey detached property is being sold as a freehold, with a restaurant area “fitted to a very high contemporary standard” and a fully fitted kitchen with “ample preparation and store areas”. No price has been given.

It adds: “This is a well-established and profitable trading licensed restaurant with the current owners having built up a loyal and extensive client base.

“The vendors are seeking to pursue new opportunities and will continue to operate the business as normal until a sale occurs.

“The restaurant offers the new owners the opportunity to expand the outside catering and function business.”

The building features a single storey extension at the back, with a service yard with access onto both Main Street and Blackwatertown Road. There is also an outdoor section.

The back features an extensive restaurant area with the kitchen and ancillary areas located to the side.

According to the brochure, the restaurant areas have been fitted to a “very high contemporary standard” with seating provided by free-standing chairs and tables with booth style seating.

The first floor measures approximately 1,820 sq ft, and was previously living accommodation. According to Osborne King, the space is currently used for staff, storage and service area, but could be refurbished back into residential units.

The listing stipulates that the buyer will be required to comply with TUPE legislation, which requires the jobs of employees to be preserved when a business is sold to a new owner.

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Kainos HQ green light to see Trademarket quit site https://lcnonline.co.uk/kainos-hq-green-light-to-see-trademarket-quit-site/ Tue, 23 Apr 2024 08:36:49 +0000 https://lcnonline.co.uk/?p=25438 The future of Trademarket street food outlet has been thrown into uncertainty after IT firm Kainos secured planning permission for its new headquarters on the

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The future of Trademarket street food outlet has been thrown into uncertainty after IT firm Kainos secured planning permission for its new headquarters on the Dublin Road site.

Belfast City Council has given the green light for Kainos’ Bankmore Exchange HQ and for Queen’s University to develop managed student accommodation next to the Kainos building.

The company’s temporary leasing agreement with Trademarket, which currently occupies the site, will end as planned on July 31 this year with the statement confirming the food venue is moving on “to new ventures”.

The construction of the new Kainos headquarters is set to begin in September and the project is scheduled for completion within 24 months, with Kainos aiming to take occupancy in early 2027.

The tech firm said the news signifies a major investment in the regeneration of the city’s Linen Quarter.

“The project will provide a state-of-the-art workspace for its people and contribute significantly to the economic and social fabric of Belfast,” stated the IT services company.

Russell Sloan, CEO at Kainos, added: “We are delighted to have received planning approval, and it is exciting to know we will be moving into our new headquarters at Bankmore Exchange in just a few years. This development not only marks a significant milestone in our journey but also reaffirms our commitment to Belfast, the city where Kainos was founded. As we look to the future, we are eager to continue making a positive impact, driving growth, and creating new opportunities in the region. I would also like to take a moment to thank Trademarket for their partnership. As they move on to new ventures, we wish them every success.

“Kainos is dedicated to fostering community development and enhancing the technological landscape in Belfast. The company is eager to see the positive changes its new headquarters will bring to the local community and industry.”

Queen’s University is planning to welcome students to their new facilities for the beginning of the September 2026 academic year.

Kainos now employs some 3,000 staff across its sites.

Last year, the FTSE 250 company announced it would invest £10m in the advancement and scaling of generative AI.

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Lisburn bar set for comeback after closure https://lcnonline.co.uk/lisburn-bar-set-for-comeback-after-closure/ Tue, 23 Apr 2024 08:24:23 +0000 https://lcnonline.co.uk/?p=25435 A popular Lisburn bar is to reopen more than a vear after its owners announced they would be “retiring” the location. The Speckled Hen, on

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A popular Lisburn bar is to reopen more than a vear after its owners announced they would be “retiring” the location.

The Speckled Hen, on the Derriaghy Road, closed in January 2023 after eight years and thanked its loyal customers for the patronage. However in a surprise post earlier this year, it hinted at a comeback – which has now been confirmed.

In a new post on social media, the eatery’s owner Martin said the bar will reopen from next month and will be considering third-party applications for its catering service.

“Hi, just to confirm the Speckled Hen will re open for drinks during May and food from mid June,” the post reads.

“The world of hospitality has changed dramatically in the last three years. The Speckled Hen going forward will reflect the changes while retaining a welcoming, comfortable and save environment for all.

“We are considering letting the food element of the business out to a third party. The terms will be very reasonable.”

Shortly before closing its doors last year, the pub’s management would frequently post on social media about the high bills it was experiencing, including over £9,000 a month in electricity.

In 2022, The Speckled Hen was named as one of the winners at the National Pub & Bar Awards.

The bar is now on the lookout for local musicians to entertain punters upon reopening.

“Going forward we are looking for local musicians in particular traditional music. We are also looking for a talented local pianist,” its post added.

“If you know anyone please share this message. Regards to all and we look forward to seeing you in the not to distant future. Martin”

The Lisburn spot, with origins dating back to the 1600s, became popular for its classic bar style and menu showcasing local produce.

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