Maslow provides €54.2m facility to Dublin hotel JV

A Dublin hotel joint venture (JV) between SCIO Capital and MM Capital has secured a €54.2m (£46.9m) development facility from Maslow Capital for a 235-key hotel in the Irish capital. Fumbally Lane The eight-storey hotel on a circa 0.5-acre site in The Liberties neighbourhood will be a four-star property targeting modern leisure and corporate travellers. The JV has agreed a long-term lease with The Ascott to operate the hotel under its Lyf brand. The facility was structured by Maslow’s lending solutions division, working alongside the bridging and development teams Frank Daly, senior director, origination (Ireland) at Maslow Capital, said: “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.” Jason Harris, CRO at SCIO Capital (joint venture partner with MM Capital), said: “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.”

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