Veteran publican is linked with move to buy famous Dublin pubs
VETERAN publican and hotelier Louis Fitzgerald has held preliminary talks with the Doran family about buying two of Dublin’s best-known pubs, The Old Stand and Davy Byrnes.
The three Doran brothers — all now in their 70s — are believed to be selling The Old Stand for €2m (£1.8m) and Davy Byrnes for €6m (£5.3m). But the two parties failed to reach a final agreement about a sale of the iconic pubs, it is understood.
The Old Stand in Exchequer Street and Davy Byrnes in Duke Street are two of the most popular remaining examples of the traditional Dublin pub.
The most recent set of accounts for Doran’s (Cafe Bars) Ltd, which owns The Old Stand, showed profits up more than 11% in 2017 to more than €780,000 (£693,165).
The firm that owns Davy Byrnes — also controlled by the Doran brothers — saw profits rise more than 35% to just under €500,000 (£444,323) in the same period.
The Louis Fitzgerald Group already owns a range of hotels and pubs, including other Dublin favourites such as Kehoes on South Anne Street and The Stags Head.
Mr Fitzgerald confirmed that his company would be interested were the pubs to come to market, but said the meetings he had with the Dorans were confidential and that he did not wish to comment further.