Maslow Capital lends €21.3m for Cork city centre hotel

Specialist real estate lender Maslow Capital has supplied a €21.3 mln senior development loan to the JMK Group.

Cork Hotel

The facility will finance the construction of a new 103-key extended-stay hotel in Cork.

The planned hotel will be situated within Cork’s historic Georgian Quarter, utilising a protected terrace designed by the renowned 19th-century architect Sir Thomas Deane. The development plan involves restoring the heritage façade and integrating the original structures with a modern, six-storey rear extension to create contemporary extended-stay accommodation under the Tapestry Collection by Hilton brand.

Ideally located in the city centre, the property will target both corporate and leisure travellers, offering proximity to major transport hubs and cultural attractions. The project is scheduled for completion in December 2027 and will introduce a new, branded extended-stay offering to a Cork market currently facing a shortage of such supply.

The borrower, JMK Group, is a family-owned hospitality developer and operator established in 2009. With a portfolio of roughly 2,000 rooms across the UK and Ireland—operating under major brands like Hilton, IHG, and Marriott—the group also has a proven track record in Cork, having previously developed and managed the Moxy & Residence Inn Cork.

Oliver Lawlor, director, Origination (Ireland) at Maslow Capital, commented: “This transaction demonstrates Maslow Capital’s ability to support experienced hospitality sponsors on complex, heritage-led development projects in strong regional city-centre locations. JMK Group’s track record, the strength of the location, and the differentiated Hilton-branded extended-stay proposition give us strong conviction in the scheme’s long-term fundamentals.”

Aron Connolly, director, Lending Solutions (UK & Europe) at Maslow Capital, added: “The extended-stay sector continues to demonstrate remarkable resilience and structural growth across Europe. In a supply-constrained market like Cork, assets that cater to both long-term corporate demand and leisure travel offer a highly compelling investment profile. Our appetite to fund specialised operational real estate is growing, and this facility reflects our strategic focus on backing high-performing, differentiated hospitality models.”

Zain Kajani, director at JMK Group, added: “This asset is a natural continuation of our investment in Cork, combining the character of a protected Georgian terrace with the standards expected of a modern, internationally branded hotel. Maslow Capital showed a strong understanding of the operational real estate sector, the Hilton-branded proposition, and the delivery considerations involved in a heritage-led scheme.”