A £18.1 million boost for Cork's Georgian Quarter has been announced, with a new 103-room extended-stay hotel set to open by December 2027. The substantial investment from Maslow Capital will see the refurbishment of an existing protected Georgian terrace, combined with a six-storey rear extension.
The Hilton Tapestry Collection-branded hotel will blend historical charm with modern amenities, operating within walking distance of Cork's transport hubs and cultural attractions. The development is led by JMK Group, which boasts a portfolio of approximately 2,000 hotel rooms across the UK and Ireland under franchise agreements with major hospitality brands.
JMK Group's experience in delivering successful projects in Cork, including the Moxy and Residence Inn properties, has been leveraged for this new venture. Oliver Lawlor, director of origination for Ireland at Maslow Capital, highlighted the lender's commitment to supporting heritage-led projects in key regional city centres.
The extended-stay sector has shown consistent growth across Europe, driven by corporate and leisure guests requiring longer stays. The new development aims to address Cork's supply-constrained city-centre hotel market, meeting demand for convenient accommodation within walking distance of the city centre.
Zain Kajani, director at JMK Group, commented on the project as a continuation of the company's investment strategy in Cork, aiming to integrate protected Georgian architecture with contemporary hotel standards. This financing initiative reflects the growing trend in property investment towards the hospitality sector, driven by specialist lenders focusing on this area.
Source: Property Wire