Break for the Border, the restaurant and live music venue group, has sold its troubled London restaurant Dick’s Last Resort. At the same time, the purchaser, Gerry O’Reilly, has sold the Gaiety Theatre in Dublin, to Break for the Border.
The deal also grants Break for the Border an option, which can be exercised next year, to acquire Mr O’Reilly’s other Dublin business interests such as Judge Beans, Lillie’s Bordello and Bad Bob’s, as well as an option to reacquire the London restaurant. If the options are taken up, Mr O’Reilly could join the board of Break for the Border.
Music bar boost
First Leisure has announced it is rolling out its Brannigans music bar brand to other locations following the success of its Blackpool operation and the latest site at Chester, which opened in October 1995.
The bowling, bingo and nightclub group was reporting results for the year ended 31 October, which showed pre-tax profits up 7% to £40.1m from a turnover up 12% to £158.7m.
St David’s Hotels has completed the purchase of Carden Park, the 750-acre hotel, golf and leisure complex near Chester. The deal, which was conditional on St David’s securing planning permission for a multi-million-pound upgrade of the facilities, was first announced last July.
Plans by Principal Hotels to redevelop the Grade II-listed Palace Hotel in Manchester – formerly the Charterhouse – have been given the go-ahead by Heritage Secretary Virginia Bottomley.