Oakmount, a vehicle of Paddy McKillen Jr and Matt Ryan, has emerged as the buyer of Loftus Hall on the Hook peninsula. The pairs move into hospitality came near the end of the Celtic Tiger boom, when they took over the management of Captain Americas, the burger restaurant on Grafton Street that had been taken over by Paddy McKillen Sr in the early 1990s. Ms Linnett, who inherited her 25 per cent share of the group, comes at in 23rd in the list, just ahead of Belfast-born Brexit enthusiast Tim Martin. Like others in the hospitality industry, the pair have had to weather the storm of the pandemic, temporarily closing venues. The landmark Mayfair hotel has dug 33m beneath Brook Street to create the most glamorous basement extension in the world, and added a rooftop supersuite for good measure. They worked together as couriers driving a van and considered importing spirits and green tea. const bundleValue = getBundleValue(purchase, 'corporate_account'); For now, the onward march of the Press Up executives seems relentless as nightlife returns to normal and property prices continue to rise. An avid art collector, he keeps various works in a boutique hotel near Aix-en-Provence in southern France, which sits among 600 acres of woodlands and vineyards. (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': {"gigya.api.key":"4_CO8231Ix1RbYi2EmMbsrlw","gigya.screenset":"Default-RegistrationLogin","gigya.mobile.screenset":"Default-RegistrationLogin","gigya.authFlow.redirect":"true","gigya.check.enabled":"true","gigya.check.host":"gigya-check.independent.ie","competitions.submit.endpoint":"https://competitions-api.independent.ie/entries","competitions.api.key":"0b15feaa-62b2-45a2-8244-723a9e80748e","subscriptionwall.cookie-domain":".independent.ie","subscriptionwall.metered.missing.fields":"data.occupation,data.phone,data.salutation,data.yearofbirth,profile.firstName,profile.lastName","subscriptionwall.welcome_url.home-delivery":"https://subscribe.independent.ie/welcome/home-delivery/","subscriptionwall.welcome_url.premium-plus":"https://subscribe.independent.ie/welcome/premium-plus/","subscriptionwall.welcome_url.premium":"https://subscribe.independent.ie/welcome/premium/","kaching.enabled":"true","outbrain.kaching.enabled":"true","quantcast.enabled":"false","didomi.enabled":"true","newsletter.subscribe_url":"https://www.independent.ie/newsletters/business-newsetter-39278685.html","social-embed-consent-wall.enabled":"true","homepage.regional.sections.mapping":"Cork:regionals/corkman/:corkman,Dublin:regionals/dublin/:dublin,Kerry:regionals/kerryman/:kerryman,Louth:regionals/louth/:louth,Sligo:regionals/sligochampion/:sligochampion,Wexford:regionals/wexford/:wexford,Wicklow:regionals/wicklow/:wicklow","active_cmp":"didomi"} {"url":"https://shared.mediahuis.be/ka-ching/independent/ka-ching.umd.js?20210830","adunit":"m.independent.ie/Business/Irish/Rich_List_2019/Profiles","targeting":{"art_id":"37749109","article_id":"37749109","kw":["Paddy","McKillen"],"gs_channels":["gs_predicts_girlsweekend","gs_predicts_startups","gs_predicts_nightlife","gs_predicts_realestateind","gs_predicts_elegantlifestyles","gs_food","gs_predicts_diningout","gs_predicts_stylefashion","inm_alcohol_spirits","gs_predicts_wiskey_brewer_rye","gs_predicts_diningindelivery","gs_predicts_autumnoutdoors","gs_predicts_thanksgiving","inm_main_shopper","gs_predicts_collegebound","gv_safe_adult","gv_safe_arms","gv_safe_crime","gv_safe_death_injury","gv_safe_download","gv_safe_drugs","gv_safe_hatespeech","gv_safe_military","gv_safe_obscenity","gv_safe_terrorism","gv_safe_tobacco","pos_diageo_safe","pos_facebook","pos_fb_list_1","pos_fb_list_2","pos_halloween","pos_natural_disasters","gs_predicts_travelingfortheholidays","gs_predicts_travel","gs_predicts_golf","gs_predicts_business_travel","gs_predicts_singlesday_travel","gs_home","gs_predicts_businessandfinance","gs_predicts_octoberfest","gs_predicts_rugby_world_cup","gs_food_drink","gs_predicts_singlesdayshopper","gs_predicts_buyingahome","gs_home_property","gs_predicts_alpinevacations","shadow9hu7_pos_diageo_safe2","gs_predicts_fathersday","gs_predicts_allthingsnewyear","gs_predicts_golden_week","gs_travel","gs_predicts_spa_wellnesstrips","gs_predicts_homeimprovement","gs_predicts_homeremodeling","gs_predicts_spring_break","gs_family_children","gs_science_environ","gs_predicts_foodies","gs_business_misc","gs_predicts_ussports_nbancaabasketball","gv_safe","gv_processed"],"article_type":"standard"},"platform":"MOB","pageType":"Article","lazyload":true} {"@context":"http://schema.org","@type":"NewsArticle","headline":"Paddy McKillen","inLanguage":"en","publisher":{"@type":"Organization","name":"Independent.ie","logo":{"@type":"ImageObject","url":"https://m.independent.ie/theme/_base/"},"@id":"independent.ie"},"image":{"@type":"ImageObject","url":"https://www.independent.ie/theme/amp/images/0bafced9f7194fe484475000f0550f64.jpg","height":"700","width":"1240"},"mainEntityOfPage":{"@type":"WebPage","@id":"https://www.independent.ie/"},"dateCreated":"2019-01-25T15:43:17.000Z","dateModified":"2021-12-02T10:22:31.000Z","datePublished":"2019-01-25T15:45:07Z","keywords":"","thumbnailUrl":"https://www.independent.ie/theme/amp/images/0bafced9f7194fe484475000f0550f64.jpg","author":{"@type":"Person","name":""},"description":"West Belfast native Paddy McKillen (63) got into the property game in the 1980s after leaving school at 16 to work in his family\u0026#039;s exhaust repair business. Built in 1923 as a cinema and ballroom, the Stella closed its doors in the late 1990s after falling into disrepair. The existing hotel and restaurant will open later this year, with more exciting additions to come including a spa, cabins and an event space. He was predeceased by his wife Peggy and survived by children, Mara, Mariad, Paddy, Colette, Anne, Monika, John, Catriona and Michaela, his sons-in-law and daughters-in-law, his grandchildren, great-grandchildren, extended family and friends in Belfast, Dublin, France and Los Angeles. Supermarket squeeze Can the sector keep the tills ringing? Kilkenny stabbing victim is named locally, while man 'well-known to him' remains in garda custody Coveted tech workers still offered 15pc pay hikes despite slowdown in sector TV information, throw-in time, betting odds and streaming options for the big game. } His business acumen continued in Dublin and with his energy his business flourished and he never looked back.". There are other interests in Belfast, Limerick and the north of England through joint ventures. Press Up is headed by Paddy McKillen Jnr, the son of one of west Belfasts most successful businessmen, Paddy McKillen Snr, who previously owned Claridges hotel in London. McKillens eye for design seems to have been inherited from his father, who described himself in a podcast interview as a frustrated architect and simple innkeeper. return grantedBy.indexOf(grant) > -1 if (parts.shift() === key) { vars.user.userID = subscriberCookie.userID || ''; ","isAccessibleForFree":"True","isPartOf":{"@type":["CreativeWork","Product"],"name":"Independent.ie","productID":"independent.ie:showcase"}} {"@context":"https://schema.org/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Independent.ie","item":"https://m.independent.ie/"},{"@type":"ListItem","position":2,"name":"Business","item":"https://m.independent.ie/business/"},{"@type":"ListItem","position":3,"name":"Irish","item":"https://m.independent.ie/business/irish/"},{"@type":"ListItem","position":4,"name":"Rich List 2019","item":"https://m.independent.ie/business/irish/rich-list-2019/"},{"@type":"ListItem","position":5,"name":"Profiles","item":"https://m.independent.ie/business/irish/rich-list-2019/profiles/"}]} Separately, his own holding company has more than 60 properties. On this day in 2019: England beat Japan to win SheBelieves Cup, Manchester United bidders move to the next stage of takeover process'. const bundleValue = getBundleValue(purchase, 'app_purchase'); Paddy McKillen Jr, Dean McKillen, Tyrone McKillen : Paddy McKillen Net Worth. premium_content: false, Premium subscribers enjoy unlimited access to all articles. 2018 Worth 275 m. Progress + 12. // Push initial dataLayer values into object. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. const gigyaID = getCookie('guid'); A traumatic decision at the time, and very emotional, but they decided they had to do it for the safety of their young family. This first phase comprises nine two-bedroom apartments, two three-bedroom apartments and one three-bedroom penthouse. listenForFlipPayEvents(); Watch for the April 5 investment tax change, Preparing for a future sale of your business, Tom Allen is Completely committed to comedy and 'Auntie Glo', Weekend Q&A: ran Clarke from NI Opera's Nobody/Somebody, Mary Kelly: Unionists' tendency to turn a gift horse into a tin of dogmeat is legendary - and their Westminster chums are getting fed-up with it. Their critics feel that they are crowding out smaller, independent operators and that the domination of one hospitality group spoils the citys character. The restaurants tend to have womens names: Sophies (at the Dean Hotel); Angelinas by the Grand Canal; and Robertas in the heart of Temple Bar. The enigmatic developer is seeing his Press Up group go from strength to strength on the Dublin nightlife and hospitality scene but not everybody is happy about it, Occupation: the publicity-averse restaurateur and developer reshaping Dublin, Appearance: only those close to him know, such is his camera-shyness, Newsworthiness: his firm has just posted pre-pandemic revenues of almost 100 million, and is still expanding. West Belfast native Paddy McKillen (63) got into the property game in the 1980s after leaving school at 16 to work in his family's exhaust repair business. As per The Irish Times article, the new owners plan to turn Loftus Hall into a luxury destination hotel.. The scheme has attracted lots of local attention with planning updates relayed to readers via the local residents association website, along with every other planning application in the area. THE combined wealth of the 10 richest Irish families more than doubled to 53 billion (44bn) in the past decade, according to a new list. subscriptionFinishDate: '0000-00-00T00:00:00Z', }); mutations.forEach((mutation) => { }; Latest News. } I just dont particularly have a mindset for having a drink.. Prince Harry's cruel two-word nickname for Camilla which went too far for King Charles, King Charles III was reportedly outraged by a string of Harry's attacks on Queen Consort Camilla in his controversial memoir - and now Harry and Meghan have been "requested to vacate" Frogmore Cottage, Man charged with importing child sex doll and possession of 71 child porn images, Exclusive: Mark Wright is set to go on trial later this year after pleading not guilty. The Irish Times has reported that the new buyers are a group called Oakmount, under Paddy McKillen Jr and Matt Ryan. Between restaurants, hotels, cinemas, gyms and other venues, Paddy McKillen Jr and Matt Ryan have 117 outlets in their Press Up empire. The Vintage Cocktail Club in Dublin's Temple Bar, Press Up's latest acquisition is the sprawling Dunboy Castle estate in Castletownbere, Co Cork, which is to be transformed into a luxury hotel, Kim Bielenberg Twitter Email. Starting in 2009, McKillen Jr and Ryan began what was described in one business feature as a blitzkrieg period of growth, developing or revamping up to 20 venues by 2016. Pre-tax profits were 3m. Phase two will see Union Caf and Kennedys bar close temporarily but reopen as integral parts of a later phase. })(window,document,'script','dataLayer','GTM-KJF4'); With the spread of their new venues, the pair seemed to meet the demands of affluent millennials, with a less formal atmosphere than traditional outlets, upbeat design features and a colourful range of expensive cocktails. He gave me a few sly digs in the matches, but nothing I held against him.. The family left Belfast for Dublin in 1972 to help build the business and to escape violence on the streets - but the business remained continued to trade and remains open to this day. It will have a rooftop restaurant, a branch of the Elephant & Castle restaurant chain and a gym. subscriptionStartDate: '0000-00-00T00:00:00Z', document.cookie = subscriberCookieName + "= ; path=/;domain=" + domain + ";expires = Thu, 01 Jan 1970 00:00:00 GMT"; return; subtree: true, The site was previously part of an abandoned office-led development bid by Domus UK, controlled by US-based fund, NCH Capital. He alleged that the brothers, in a bid to obtain complete control, had used various tactics which involved infringements of his rights under a shareholders agreement. return 'none'; if (isGrantedBy('corporate_account')) { Yesterday, three Appeal Court judges unanimously dismissed his appeal and refused him permission to take his case to the Supreme Court leaving him with a legal bill estimated at 23million. EuroMillions results: Winning Irish ticket location as players urged to check for Fridays prize.