KATIE MULLEN’S OWNER FILES FOR CHAPTER 11
Katie Mullen’s didn’t have the full luck of the Irish when it opened in 2009 in a sprawling space below what is now the Sheraton Downtown Denver Hotel.
“We opened up in the worst of times, when conventional banking was not available,” owner Paul Maye said Thursday, two days after his Northwest Bars Inc. filed for Chapter 11 bankruptcy protection.
The recession- rattledU. S. banking system had battened down the hatches, which meant Maye had to invest $ 3 million of his own money to open the doors of Katie Mullen’s.
Since Katie Mullen’s opened, competitors Henry’s Tavern and Yard House have opened nearby, and United Artists Denver Pavilions movie theater and other chains, such as Starbucks, have landed liquor licenses.
Reorganization, Maye said, is a chance to “keep it on a solid footing going forward.”
The filing pertains only to the downtown location, Maye said. Wee Katie’s Irish Restaurant and Pub in Lower Highland and Katie Eile’s Restaurant & Pub in Westminster are independently owned.
Katie Mullen’s will remain operational through the Chapter 11 process, he said, adding that employees already are organizing events for St. Patrick’s Day.
The owner of Katie Mullen’s at Court Place filed for bankruptcy.