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..
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.