A plan by Oakmount, the company headed up by Paddy McKillen jnr and Matt Ryan, to build a new high-end hotel at St Stephen's Green looks set to be scaled back significantly after the developer pulled back from acquiring three properties included as part of its original plan. The Irish Times understands Oakmount has withdrawn from the purchase of the home of the former Hibernian United Services Club at 8 St Stephen's Green, as well as two other transactions involving two adjacent buildings. As reported by The Irish Times in February, McKillen and Ryan had been progressing individual deals for 8, 4 and 5 St Stephen's Green with a view to assembling a large site for a hotel to be operated as part of their Press Up Hospitality Group.

https://www.irishtimes.com/property/commercial-property/2023/05/24/mckillen-jnr-pulls-out-of-st-stephens-green-block-deals/

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