It is understood that commercial real estate services firm CBRE is assessing interest in Dublin's Morrison Hotel from prospective buyers at a reduced guide price.
The Morrison hit the market via CBRE in March of 2020 with a guide price of €80 million, and, as reported by The Irish Times, it is understood that the guide price has now been reduced by 15% to €68 million.
Property Details
The Morrison is owned by Russian businesswoman Yelena Baturina, who purchased the 145-bedroom hotel from Nama for €22 million in 2012, and she is believed to have spent as much as €10 million on a refurbishment of the property that was overseen by NODA Architects between 2012 and 2013.
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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.The Morrison trades under Hilton's DoubleTree brand, and it is being sold subject to a franchise, offering operational flexibility for a new owner.
In addition to its 145 bedrooms, The Morrison includes bar and restaurant facilities, seven meeting and events facilities that can accommodate up to 240 people, and a fitness centre.
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