Maslow Capital has provided a €54.2m development facility for a 235-key hotel on Fumbally Lane in Dublin 8. The eight-storey hotel operates as a four-star property on a 0.5-acre site.
The borrower has secured a long-term lease with Ascott Limited under the Lyf brand. The hotel targets leisure and corporate travellers with standard rooms and studio units with kitchenettes.
Amenities include a cafe, lounge and co-working facilities near attractions like Guinness Storehouse.
Aron Connolly shared “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.”
Frank Daly shared “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.”
