Background
- Haddington House is a Victorian design-led hotel, in a prime location, overlooking the Dún Laoghaire bay
- The property was originally built in 1850 and is made up of four townhouses
Process
- DC Advisory was engaged by Haddington House to find a financial partner to provide debt to facilitate the freehold acquisition of the property
- DC Advisory carried out an extensive process to identify lenders with an appetite to transact
- The objective of the fundraise was to purchase freehold title of Haddington House and part fund the development capital expenditure
- Haddington House received funding and capital investment from an Irish bank to facilitate this acquisition
Outcome
- In February 2023 the transaction completed
- This transaction further showcases DC Advisory’s deep expertise in Debt Advisory and Restructuring deals
