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Top Trends on CATEX Table
CATEX, Ireland’s largest foodservice and hospitality event, returns to the RDS, Simmonscourt from Tu...

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Fellowship for Brian
Brian Bowler of the Montenotte Hotel, Cork was presented with an IHI Fellowship by Michael Mallon, c...

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Paul's Lifetime Achievement
Paul Boksberger was presented with a Lifetime Achievement Award at the IHI Founders Banquet

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Helen is a Fellow
Helen Fahy, head of quality and culture at The Doyle Collection receives her IHI Fellowship from Mic...

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Top Trends on CATEX Table
Fellowship for Brian
Paul's Lifetime Achievement
Helen is a Fellow

Hostel Finance Deal

Dublin-based non-bank lender Relm Finance, which is backed by Irish businessman Richard Barrett and New York-based investment group Avenue Capital, signed its 40th loan deal last week, providing just over €6.5 million in funding for the acquisition of Barnacles Hostel in Temple Bar.

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Barnacles was acquired recently from the John Lally-led MHL Hotel Collection for about €9 million, including costs, by MM Capital, an Irish property investment and development company founded in 2013 by Peter Leonard and Derek Poppinga.
The new owners have since signed a 25-year lease with the Irish hotel group Key Collection, which is planning a refurbishment of the building. This will involve changing the existing 35 hostel dormitories and common areas into 45 individual hotel bedrooms. 
 
 

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