Family-owned hotel group Address Collective plans to develop luxury 4-star hotel in Dublin 1.
As part of a deal with Bank of Ireland, The Address Collective has secured funding for the development of a new 79-bedroom, luxury upper scale four-star hotel that will be located at Capel Street, Dublin 1.
Established in 2018, by Brian and Ciara McGettigan, the family-owned hotel group operates five 4-star hotels under the Address Collective brand, two in Dublin, and one in each in Cork, Sligo and Glasgow.
“With a clear growth strategy for The Address Collective over the next five years, we’re grateful for the ongoing strong support that Bank of Ireland provides as we continue to move forward”
The Address collective hotels have a combined room count of 633 and the group employs over 350 people.
Exciting new hotel development for Dublin
The new hotel on Capel Street offer a unique blend of modern amenities and local charm, catering to both business and leisure travellers.
“We truly value our partnership with Bank of Ireland and appreciate having a banking partner that shares our company values and operates with a customer-focused business model,” said Brian McGettigan, CEO of the Address Collective.
“With a clear growth strategy for The Address Collective over the next five years, we’re grateful for the ongoing strong support that Bank of Ireland provides as we continue to move forward.”
The deal with Bank of Ireland involves the refinance of existing term loan facilities, along with funding provided towards the development of the new hotel on Capel Street.
“Bank of Ireland is delighted to continue its long-standing and valued relationship with The Address Collective, and support the development of their new hotel at Capel Street, which promises to be a fantastic addition to their existing portfolio of hotels”, said Greg Martin, senior manager with Bank of Ireland Corporate & SME Banking.
“We look forward to visiting the new hotel once opened, and continuing to deepen our relationship over the coming years.”
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