A planned sale of the popular Dublin nightclub, Copper Face Jacks, has been shelved after its owners decided to continue running the business.
The Harcourt Street club, along with the Jackson Court Hotel which it is a part of, came on the market in March and sources indicated at the time that it could sell for up to €40 million.
However, it is understood that staff have now been told that owners Cathal and Paula Jackson have changed their minds and have withdrawn the property from sale.
Sources said there had been very strong interest in the business with several approaches made and a sale had been agreed.
The nightclub has become an institution in Dublin's night life since it was established 23 years ago.
The hotel complex comprises 36 bedrooms, seven bars and three beer gardens.
In 2017 the company behind the venture, Breanagh Catering Ltd, recorded pre-tax profits of €4.1 million.