Maslow Capital funds Cork hotel development with €21.3m facility
The development, located in Cork's Georgian Quarter, will operate under the Tapestry Collection by Hilton brand.
Maslow Capital has provided a €21.3m senior development facility to support JMK Group’s delivery of a 103-key extended-stay hotel in Cork.
The development, located in Cork’s Georgian Quarter, will operate under the Tapestry Collection by Hilton brand.
It will combine the refurbishment of a protected Georgian terrace designed by Sir Thomas Deane with a new six-storey rear extension, with practical completion expected in December 2027.
Maslow Capital said the scheme will deliver branded extended-stay accommodation in Cork’s city centre, targeting both corporate and leisure guests.
JMK Group, a hospitality developer and operator founded in 2009, owns and operates around 2,000 hotel rooms across the UK and Ireland under brands including Hilton, IHG and Marriott.
The group already has a presence in Cork through the Moxy and Residence Inn hotels.
Oliver Lawlor, director of origination (Ireland) at Maslow Capital, said: “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 of 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 specialized 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, said: “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.
“Their commercial approach, clear execution, and understanding of our business plan gave us confidence throughout the financing process.”
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