AIB provided a multi-million euro green loan for the transaction of the B2 rated energy efficient Radisson Blu Letterkenny
AIB is proud to support the acquisition of the 114-bedroom Radisson Blu Letterkenny by TMR Hotel Collection, managed by Lanthorn. It is TMR’s third acquisition in the last fourteen months, including the Fleet Hotel in Temple Bar, Dublin and the Kilkenny Ormonde Hotel. AIB provided a multi-million euro green loan for the transaction for the B2 rated energy efficient property.
The TMR Hotel Collection is a portfolio of four and five star hotels across Ireland, owned by Thomas Rӧggla and established and managed by Lanthorn since 2014 under the direction of Eimear Fox. They specialise in significantly investing to reposition these purchased properties. The hotel collection is one of Ireland’s largest privately owned hotel portfolios. These hotels employ over 2,200 staff.
Windward Management will manage the hotel on behalf of TMR Hotel Collection.
AIB continues to support the hotels sector in communities across the country. With dedicated sector-focussed teams, AIB offers hotel customers a range of solutions including term loans for acquisition/capex /green purposes, seasonal working capital facilities, treasury products and cash management. In 2025 AIB’s new lending amounted to €14.7 billion, of which 43% was green.
Eimear Fox, Director of Lanthorn said
“We are delighted to welcome Radisson Blu Letterkenny to the TMR Hotel Collection, our second Donegal hotel in the Collection. Letterkenny is the largest town in Donegal and a major hub for business in the area. We are delighted to have a presence in the town. We look forward to working with staff and guests and we wish the Byrne family the very best of luck in the future after a very successful 23 years in business.
The purchase reflects Lanthorn’s long-term approach to real estate—investing with purpose in assets that deliver enduring value. We are delighted that Windward Management will also manage this latest acquisition on our behalf and are very excited to be part of the next chapter of Radisson Blu Letterkenny”.
Glenn Shanley, AIB said
“AIB is proud to have supported this sustainable investment by TMR Hotel Collection managed by Lanthorn in the heart of Letterkenny with a green loan. Tourism is a key economic enabler in communities across Ireland, and the growth of this hotel collection committed to four and five star properties is one which will benefit visitors from Ireland, abroad, and the areas in which they’re located. We remain committed to supporting the hospitality sector through innovative solutions and sustainable financing.”
John Hughes and Paul Collins in CBRE acted for the Sellers.
Photo by Fintan Clarke, Coalesce.
