IHF Associate Member

What is the Hotel Investment Fund?

The Hotel Investment Fund (HIF) was established to provide financial support to Irish Hotels which have been adversely affected by the Covid-19 pandemic.

The fund provides hotel owners with gap-funding over the medium term (3-year investment) to allow their business to recover and grow post-Covid.

The HIF provides a 3-year preference equity investment (subordinated to senior/bank debt), with no interest payable until redemption at the end of the term.

Fund Overview

A €50m fund managed by Pembroke Hospitality and BVP Investments with funding provided by the Ireland Strategic Investment Fund (ISIF).

The funding can be used for:

• Working capital and cash flow funding;
• Capital expenditure;
• Green and environmentally sustainable investment funding.

The HIF can invest up to €5m to a single hotel/group with a minimum investment of €500k.

Competitive interest rate reflecting the nature of the unsecured investment.

Investment Criteria

• Hotels located in the Republic of Ireland with a minimum of 25-bedrooms and 3-star grading.
• Businesses must have been financially viable and covenant compliant pre-pandemic.
• LTV and EBITDA assessment based on pre-pandemic levels.
• A viable Recovery/Business plan to be agreed with HIF demonstrating the ability of the business to repay the funds at the end of the investment term.

Contact details

Mark Lynch

  086 240 5675
  Mark.Lynch@HIFIreland.ie
Web  www.HIFIreland.ie