One of Dublin’s best known hotels has been bought by Russia’s richest women.
The Morrison Hotel has been taken over by 48-year-old Elena Baturina, a self made billion who started out as a factory worker before going on to amass a €2.2 billion fortune with construction firm Inteko.
She bought the hotel on Ormond Quay from NAMA for a fee reported to being between “€20 million to €25 million”.
NAMA have declined to comment on any aspect of the deal..
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The Morrison Hotel opened in 1999 under the patronage of Hugh O’Regan and is widely recognised as one of the capital’s finest designer hotels.
