Fairfield Real Estate Finance said it has financed the €19.5 mln acquisition by private investors of the Knightsbrook hotel, spa and golf resort.
The purchase, one of Ireland's largest hotel transactions of the year, was funded with 76% of debt from Fairfield Real Estate Finance.
'We were able to provide credit approved terms within one week of our first discussions on the funding proposition and we look forward to supporting the new owners in driving this successful hotel forward,' said Colin Duncan, Real Estate director of Fairfield. 'It highlights our ongoing commitment to the Irish market.'
Rory O’ Doherty, Stephen Gahan and Tim Smyth of ODG Advisory, a boutique corporate finance firm based in Cork, were the principal advisers on the transaction.
Sitting on approximately 185 acres, Knightsbrook Hotel, Spa & Golf Resort is situated in Trim, Co Meath and features a 131 bedroom four-star hotel, conference and banqueting facilities, a health club/spa and an 18-hole golf course.
Knightsbrook originally opened its doors in 2006. The property was originally brought to the market in April 2017.
Fairfield Real Estate Finance is on track to have provided €500 mln of loans since being formed in June 2016 with 50% of debt provided in Ireland.
