Dublin hotel market springs back to life with two big sales in past ten days
Zetland Capital, a London-based private equity firm, has bought the Morrison hotel in Dublin. No price was disclosed but it was reported in March that the deal was expected to be worth more than €65 million.
The 145-bedroom boutique hotel on Dublin’s quays was owned by Russian billionaire investor Elena Baturina, who bought it from Nama in 2012 for €22 million.
This is second major Dublin hotel sale announced in past 10 days. The 157-bed Moxy Dublin City hotel, on Sackville Place just off O’Connell Street, was earlier this month sold by the Spitzer family’s Midwest Holding group for €35 million to the MHL Hotel Collection.
Read more/Source: The Irish Times
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