Moran Hospitality, the family-owned group behind the Red Cow Moran Hotel and other ventures, has opened a new venue at the former Chophouse bar and restaurant in Dublin 4, weeks after it closed its doors.
The group, which is owned and operated by the family of late west Limerick-born hotelier Tom Moran, agreed to take on the lease after former owners Kevin Arundel and Jillian Mulcahy shuttered the well-known premises near the Aviva Stadium in early September.
In a post on social media, they said “constant rising costs” had made it “impossible” for them to continue trading.
[ Chophouse in Ballsbridge latest restaurant to close: ‘We have tried everything’Opens in new window ]
The venue has now reopened and is set to be renamed once Moran Hospitality has put its own stamp on it, group director Tommy Moran told The Irish Times on Wednesday.
Higher inheritance tax threshold will not apply just because you have yet to get inheritance
Taking voluntary redundancy or getting laid off? You need to know about your tax, welfare and pension options
Pensions: Uncertain times ahead of retiring workers
Can knowing tomorrow’s news make you rich? That’s not a foregone conclusion
“The place does need a facelift,” he said. “So that’s on the cards. We’re chatting to some designers, interior designers about that.”
Should Ireland give the Apple tax billions to poorer countries?
The new venture, Mr Moran said, would “certainly” have the word “cow” in the name.
“It happened very quickly,” he said. “We were made aware that Kevin might be moving on. We knew the landlord as well, so he had mentioned that Kevin was considering handing back the keys. So the opportunity came up very quickly.”
He said the family were “big sports fans” and had been aware of the Chophouse site “forever” as frequent visitors to Lansdowne Road and the Aviva.
Asked whether the issue of costs that the previous owners had raised at the time of the closure was a concern, Mr Moran said: “We’re very conscious of it. We’ve got a relatively big machine here between the Red Cow Moran Hotel and other things. We’ve got various different things going on and costs are a factor in all of those.”
But he said the group had more “buying power” than smaller operators. “We’ve probably got a bit of excess capacity at different times of the week, where perhaps we can get some economies between the various venues as well, which may help. But as well I think we just hope we enjoy the place.”
The Moran group also operates a city centre hotel called Wren Urban Nest, the first net carbon-zero hotel in the Republic.
- Sign up for the Business Today newsletter and get the latest business news and commentary in your inbox every weekday morning
- Opt in to Business push alerts and have the best news, analysis and comment delivered directly to your phone
- Join The Irish Times on WhatsApp and stay up to date
- Our Inside Business podcast is published weekly – Find the latest episode here