Daft Property - Irish Property News

Superpub entrepreneur now entering last-chance saloon... CAPITAL Bars is the Dublin hotel and superpub group owned by brothers Liam and Des O'Dwyer. Through Capital Bars, the O'Dwyer brothers own a number of prominent premises in Dublin, including superpubs Cafe En Seine, which holds up to 1,500 people, Zanzibar and the Trinity Capital Hotel. The chain also includes Break for the Border and Howl At The Moon. Like many of the country's hospitality entrepreneurs, the O'Dwyer brothers have been exposed to the downturn. Earlier this year the group said that it was experiencing "huge downward pressure on room rates and occupancy" and said that it was engaged in "aggressive cost cutting". Last May Deepdrill Developments, a property vehicle controlled by the two brothers, filed a High Court petition to shut down Danninger, the main operating company behind Ireland's biggest developer, Liam Carroll, who will seek an unprecedented second examinership hear...