Specialist real estate lender Maslow Capital has provided a €54.2 million development facility for the construction of a 235-key hotel in The Liberties area of Dublin.
The scheme will deliver an eight-storey hotel on Fumbally Lane, occupying approximately 0.5 acres. The completed property will operate as a four-star hotel targeting leisure and corporate travellers.
The borrower has secured a long-term lease agreement with The Ascott Limited, with the hotel set to operate under the company’s Lyf brand. The building will include a mix of traditional hotel rooms and studio units with kitchenettes.
Location and facilities
Ground floor facilities will include a café, lounge areas and co-working spaces designed to support both short stays and longer visits.
The site is located within walking distance of Christ Church Cathedral and Guinness Storehouse, with Temple Bar nearby. Transport connections include Heuston Station, the Luas network and multiple bus routes providing access to the city centre.
The Liberties has seen residential and employment growth in recent years, with ongoing regeneration and increasing visitor demand.
Transaction structure
Maslow Capital structured the transaction through its lending solutions division, which focuses on complex transactions outside conventional lending structures.
Frank Daly, senior director of origination (Ireland) at Maslow Capital, said: “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 of lending solutions at Maslow Capital, said the combination of a distinctive concept, strong delivery team and established operator made the transaction suitable for the lender’s product.
The development is backed by a joint venture between MM Capital and SCIO Capital. Jason Harris, chief risk officer at SCIO Capital, said the firm looked forward to working with Maslow Capital on the project.
Market context
The transaction comes as Dublin’s hotel sector faces limited new supply despite strong visitor demand. The Liberties district has emerged as a mixed-use neighbourhood attracting hospitality investment, supported by its proximity to major tourist attractions and transport infrastructure.
