Maslow Capital funds €54.2m Dublin hotel development

Real estate financial specialist Maslow Capital has provided a €54.2 mln development loan for a new 235-room hotel in The Liberties, Dublin 8.

Fumbally Lane

The project involves constructing an eight-story, four-star hotel on Fumbally Lane, designed to cater to both modern leisure and corporate travellers. The hotel will be managed by The Ascott Limited under its Lyf brand, following a long-term lease agreement with the borrower.
The hotel will feature a variety of rooms, including standard and studio units with kitchenettes, alongside ground-floor amenities such as a café, lounge, and co-working spaces. Located in the dynamic Dublin 8 district, which is experiencing significant residential and employment growth, the site offers easy access to major attractions like Christ Church Cathedral and the Guinness Storehouse, with Temple Bar also within walking distance. 
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, a 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.”