Specialist real estate lender Maslow Capital has provided a €54.2m development facility to fund the construction of a 235-key hotel in The Liberties.
The scheme will deliver a new eight-storey hotel on Fumbally Lane, occupying a site of around 0.5 acres. The completed property will operate as a four-star hotel targeting both 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.
Plans for the building include a mix of traditional hotel rooms and studio units with kitchenettes. The ground floor will provide shared facilities designed to support both short stays and longer visits, including:
a café
lounge areas
co-working spaces
The project sits in a district that continues to see residential and employment growth. The Liberties has evolved into a mixed-use neighbourhood in recent years, supported by regeneration and increasing visitor demand. The site is within walking distance of major attractions such as Christ Church Cathedral and Guinness Storehouse, while Temple Bar lies nearby.
Transport links also contribute to the location’s appeal. The development sits within reach of Heuston Station, the Luas network and multiple bus routes, giving visitors direct access to the city centre and wider region.
Maslow Capital structured the transaction through its lending solutions division. The team works alongside the lender’s bridging and development finance specialists and focuses on complex transactions that fall outside the scope of conventional lending structures.
Frank Daly, senior director, origination (Ireland) at Maslow Capital, said: "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, 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."
The development is backed by a joint venture between MM Capital and SCIO Capital.
Jason Harris, chief risk officer at SCIO 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.”
