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AIB has completed a €190 million refinancing package for four hotels in the MHL Hotel Collection, with roughly 70% of the new facility designated as green finance. The deal covers properties in Dublin, Galway and Limerick and extends a long-running funding relationship between the lender and the hotel group.
Deal structure and properties
The refinancing covers the College Green Hotel and Trinity City Hotel in Dublin, the Galmont in Galway and the Limerick Strand Hotel. The transaction includes a net increase of €70 million to the group’s facilities.
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Of that uplift, €50 million has been earmarked as green finance specifically for the College Green, Limerick Strand and Trinity City hotels. Overall, AIB says about 70% of the €190 million package meets green financing criteria.
How this fits with recent lending
The move follows AIB’s refinancing of two other Dublin properties — the InterContinental and the Spencer Hotels — earlier in 2025. The bank also provided development funding for a 112‑bedroom extension at the Hilton Charlemont Hotel, which opened late in 2025.
What MHL says
Paul Higgins, a partner at the MHL Hotel Collection, described the refinancing as evidence of both the group’s asset quality and the depth of its relationship with AIB. He highlighted the bank’s flexibility and sector knowledge in supporting MHL’s strategy.
Group profile and scale
Formed by US businessman John C. Malone with Irish partners Paul Higgins and John Lally, the MHL Hotel Collection is Ireland’s second‑largest hotel operator. In 2025 the group reported revenues above €230 million and runs 14 hotels with more than 2,650 bedrooms across five cities and counties.
AIB’s role and sector impact
AIB is MHL’s largest banking partner in Ireland, having provided finance for eight of the group’s hotels since 2013. Glenn Shanley, head of corporate banking at AIB, said the latest refinancing and recent transactions underline the bank’s sustained commitment to the hospitality sector.
Shanley also noted that the bank’s green finance offerings are intended to support jobs and investment in communities around the country.
