Major deal between Bank of Ireland and MHL Collection will support two of hotel group’s flagship properties in Ireland.
Bank of Ireland Corporate and Commercial Banking has agreed a €72m refinancing package for the MHL Hotel Collection, supporting two of its flagship properties – the Moxy Hotel Dublin City and the Powerscourt Hotel Resort & Spa in Co Wicklow.
The deal includes a €36m increase in facilities, underlining the Bank’s continued support for one of Ireland’s leading hospitality groups.
“MHL is a leading hospitality group, and the management team has built a high-quality, well-invested portfolio”
Founded in 2013, the MHL Hotel Collection has grown into the largest hotel owner and operator in Dublin and the second largest hotel group in Ireland overall.
The group manages a portfolio of 14 hotels comprising more than 2,300 rooms, including eight properties in Dublin, five across regional Ireland, and one in Northern Ireland.
Long-standing partnership
The refinancing reflects a long-standing relationship between Bank of Ireland and MHL, with the lender continuing to play a key role in supporting the group’s expansion and asset development strategy.
Paul Higgins, partner at The MHL Hotel Collection, said the group values the bank’s ongoing support: “We truly value our partnership with Bank of Ireland and are grateful for the ongoing support that Bank of Ireland provides.”
Greg Martin, senior manager at Bank of Ireland Corporate and Commercial Banking, said the deal reinforces the bank’s commitment to the sector and to MHL’s growth plans: “Bank of Ireland Corporate Banking has been a proud partner of MHL Hotel Collection for many years, and we are delighted to support the group with these latest facilities, including direct funding for the Moxy and Powerscourt hotels.
“MHL is a leading hospitality group, and the management team has built a high-quality, well-invested portfolio. We look forward to continuing to support the group’s growth and development in the years ahead.”
The transaction highlights continued lending activity in Ireland’s hospitality sector, particularly for established operators with strong asset bases and proven management teams.
MHL’s portfolio includes a mix of city-centre, resort, and regional properties, positioning the group to benefit from sustained tourism demand and business travel recovery.
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