Maslow Capital provides a €54.2m development facility for Dublin hotel
Specialist real estate finance provider Maslow Capital has completed a €54.2m development facility for a 235-key hotel in The Liberties, Dublin 8.
The development is a new eight-storey hotel on Fumbally Lane. Set on a circa 0.5-acre site, the hotel is designed to operate as a four-star property targeting modern leisure and corporate travellers. The borrower has agreed a long-term lease agreement with The Ascott Limited and the hotel will operate under its lyf brand.
Designed to serve both leisure and corporate demand, the scheme will comprise a mix of standard rooms and studio units with kitchenettes, alongside ground-floor amenities including café, lounge and co-working facilities. Dublin 8 is an increasingly vibrant mixed-use district benefiting from strong residential and employment growth. The site is close to key attractions including Christ Church Cathedral and Guinness Storehouse, with Temple Bar within walking distance. Excellent connectivity via Heuston Station, the Luas network and multiple bus routes underpins its appeal to both leisure and business travellers seeking central access.
This transaction was structured by Maslow Capital’s Lending Solutions division, which works alongside the lender’s Bridging and Development teams. Lending Solutions specialises in complex, structured credit outside the scope of typical lenders, supporting a wide spectrum of real estate assets and scenarios where borrowers require tailored underwriting and flexible structuring.
Frank Daly, Senior Director, Origination (Ireland) at Maslow Capital, commented: “It has been a pleasure working with MM Capital and SCIO Capital on this transaction. They brought a well-defined vision for the project, and we were able to structure a bespoke financing package that reflected the specific requirements of the scheme. Dublin’s hotel market continues to benefit from strong visitor demand and limited new supply, and The Liberties is an increasingly attractive location for quality hospitality development.”
Aron Connolly, Director, Lending Solutions at Maslow Capital, added: “What made this transaction well suited for our Lending Solutions product was the combination of a distinctive concept, strong delivery team and an excellent operator. Our role was to understand the borrower’s business plan and structure a facility around it, rather than fitting the project to a standard template.”
Jason Harris, CRO at SCIO Capital (joint venture partner with MM Capital), commented: “We are grateful for the hard work and support of the Maslow team throughout the process. It was great to get this facility over the line with an experienced funding partner, and we look forward to working together on this exciting project.”
