Press Up Entertainment Explained

Press Up Hospitality Group
Type:Private
Foundation:2009
Location:Dublin Ireland
Key People:Paddy McKillen, Jr., Matt Ryan, Joint Managing Directors
Industry:Entertainment and hospitality
Revenue:€57.8m (2017)
Num Employees:1,500 (2017)
Homepage:pressup.ie

Press Up Hospitality Group is a cinema, hotel, pub, retail and restaurant operator based in Dublin, Ireland. Ownership is shared between Paddy McKillen, Jr., son of Paddy McKillen, and Matt Ryan.

Their properties include the Clarence Hotel, the Dean Hotel, the Dean Hotel Cork, the Devlin Hotel, the Mayson Hotel, the Irish franchise for Wagamama and the Stella Theatre cinema chain. They also operate two formerly franchised Tower Records locations, which have outlasted the US-based parent chain by many years.[1]

A number of their new properties are located in new developments by Oakmount, a property developer with the same owners but operated independently.[2]

In 2019 they announced the development of a bowling alley at Dundrum Town Centre.[3]

The company investigated an initial public offering in 2018,[4] but this was cancelled in 2019.[5]

In July 2022, it was announced that Press Up would open its first UK venue after converting the listed Methodist Central Hall, Birmingham into a 150 bedroom hotel and event space.[6]

Notes and References

  1. Web site: Tower Records spun further into the red last year - but it's still 'excited for the future' . Fora.ie . 2 June 2021.
  2. Web site: Quinlan. Ronald. Paddy McKillen jnr’s Press Up selling stake for up to €50m. 2021-08-13. The Irish Times. en.
  3. Web site: Reddan. Fiona. Press Up to bring a bowling alley to Dundrum Town Centre. 2021-08-13. The Irish Times. en.
  4. Web site: Brennan. Joe. Paddy McKillen jnr’s Press Up hires City broker as IPO adviser. 2021-08-13. The Irish Times. en.
  5. Web site: Press Up Entertainment set to 'keep going and growing' but IPO on hold. 2021-08-13. independent. en.
  6. Web site: Press Up to open its first British hotel in historic Birmingham building . Business Post . 13 October 2022.