Dublin's Opium venue reopened to the public last week following a €4 million refurbishment.
As reported by The Sunday Business Post, Opium is owned by Michael Breslin and Maurice Regan through the Mercantile Group, which the pair bought out from fellow shareholders Danu Partners in 2017.
Opening to a guestlist of 800 people on Thursday January 25, the revamped Opium venue features a new nightclub called IRO, as well as a mixologist lounge that will host cocktails tutorials, and a new rooftop terrace and Asian restaurant.
The refurbishment is part of a €30 million investment across the Mercantile Group's entire portfolio, the next phase of which will involve a €4 million redevelopment of Café en Seine on Dublin's Dawson Street. Additionally, there are plans to increase the size of the Mercantile hotel threefold in 2019.
Group chief executive Pat Burke commented, "We're in the middle of a significant investment programme across the portfolio which is ensuring our venues remain the most attractive in the city centre. With the continuing strengthening of the economy and consumer sentiment, we're very pleased with the performance of the business and optimistic about the outlook for 2018."