Russian billionaire sells Morrison Hotel to UK-based private equity firm Dublin hotel market springs back to life with two big sales in past ten days
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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
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.
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âGoatstown does not need a motel in any shape or form.â This was the view of a local resident responding to the planning application for a major residential and commercial scheme on a 4.6-acre site of The Goat pub in south Dublin, owned by publican Charlie Chawke and his family.
It received almost 150 submissions from local residents â mostly objections â and the chief executive of Dún Laoghaire County Council has recommended to An Bord Pleanála that permission be refused for the scheme, which is proposing 299 apartments, a 22-bedroom hotel and some other commercial units.
Some objectors have taken umbrage with plans for a hotel. Noting âno demonstrable needâ for one in the area, many of the submissions came down heavily against the plans for the 22-bed hotel, adding that the âtransient nature of hotel guestsâ, would not lend itself towards the creation of a so-called âneighbourhood centreâ in the area.