Published Wednesday, 26 September 2012
Bids over £10m are being welcomed for the Odyssey Pavilion. (© Pacemaker)
The entertainment venue next to the Odyssey Arena and W5 Science Centre houses a 12-screen cinema and bowling alley as well as restaurants and bars.
The Pavilion opened in 2001 and the 150-year lease for its 15 leisure units was garnered by Belfast businessman Peter Curistan.
But financial difficulties plagued the trader, and administrators were appointed to the centre in 2010.
Real estate advisor Savills are overseeing the sale of the 242,000 sq ft Odyssey Pavilion, which the company's Belfast Head Ben Turtle said was a "fantastic opportunity to rejuvenate an already popular leisure destination".
"We appreciate the significance the overall Odyssey complex once had in helping to put Belfast on the visitor and leisure destination map and are focused on achieving the best result possible to ensure it continues to be a world class facility.
"The word 'Odyssey' represents a long and eventful journey and we hope that through this sale we can put the Pavilion firmly on a new and exciting path in that journey and help the whole development realise its full potential," he added.
Earlier this year Mr Curistan predicted the Odyssey Pavilion could be "destroyed... with a poorly performing Odyssey Arena".
It is understood the developer is in consultation with Anglo Irish Bank over an alleged multi-million pound debt.