Landmark Cork pubs come to market for €3.35m

Movement in the Cork hospitality trade continues apace this week with two landmark pubs coming to market, Tequila Jack’s and Paddy the Farmers, for a combined €3.35m, while construction will begin this summer on a €50m new hotel.

Tequila Jack’s, a Mexican restaurant and tequila bar on the waterfront on Lapps Quay, is guiding at €1.45m, while Paddy the Farmers — along with nine overhead apartments — has returned to market with a new agent and a slight drop in the guide price to €1.9m. In 2022, it had a guide price of €2m.

Vendors of both venues are the Seán McCarthy-led hospitality group that disposed of Soho Bar on Grand Parade in 2023 for a rumoured €5m. 

Late last year, the Flying Enterprise complex sold for more than €5m to a local buyer with international backing.

Separately, the city centre is set for another new hotel after planners cleared the Meath-based Starstone Property Group to build a €50m, 180-bedroom premises at the junction of Lower Oliver Plunkett St and Connell St, opposite the site once earmarked for the now-shelved Prism office block.

The five- to 10-storey hotel will be run by the Ruby Hotel Group, a Munich-based hospitality company.