Russian billionaire suspends sale of Dublin’s Morrison hotel

Russian billionaire Yelena Baturina has frozen the sale of the Morrison hotel in Dublin two months after launching the asset to market through agent CBRE.

CBRE was guiding €80 mln on the asset, which is located on the northern banks of the Liffey and facing Temple Bar.

The hotel, branded as a DoubleTree by Hilton, comprises 145 guest rooms and suites, seven meeting and events spaces accommodating up to 425 delegates, food and beverage outlets and a fitness centre.

Baturina is believed to have paid €22 mln for the asset back in 2012. At the time, the asset was marketed by CBRE on behalf of landlord Nama for a guideline price of €25 mln.

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