A longtime Winnipeg nightclub will shutter its doors in January with no solid plans to reopen.

After announcing a possible relocation to downtown earlier this week, Palomino Club owner Cary Paul told CTV Friday that won’t happen – at least, not right away.

“I'm not relocating to the building we were looking at downtown,” said Paul. “Taking the winter off and going to look to buy a building more suitable with parking.”

Paul and other partners were in negotiations to open The World Famous Palomino Pub and Club in downtown Winnipeg across from MTS Centre, a two-level establishment that would have the same atmosphere as the current location.

The possible downtown location was 323 Portage Avenue, the former site of 4Play Sports Bar. The bar closed at the end of 2012 and though the building had been considered for other entertainment concepts, remains vacant.

The Pal has been a Portage Avenue landmark since it opened in 1988 as a predominantly country bar. Over the years, it has attracted many celebrities, professional athletes and even hosted weddings for customers who met there.

The Palomino Club will shut down in early 2016 to make room for condominiums. It will hold its last bash Saturday, January 2.