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Russia's Yelena Baturina Divests Grand Tirolia Hotel for €45 Mln
The billionaire and wife of Yury Luzhkov, the former Moscow mayor, is selling her Kitzbühel 5-star hotel for 45 million euros to an investor. Rumour has it that the investor is looking for an international operator.
Russian billionaire Yelena Baturina is selling her Kitzbühel hotel for 45 million euros / Picture: © Wikimedia Commons / Pinskibob, crobbed [CC BY-SA 3.0]
The five-star luxury hotel Grand Tirolia Kitzbühel Betriebs GmbH in Kitzbühel and the Eichenheim Golf Club have a new owner.
Yelena Baturina has sold the resort to a real estate investor from Lower Austria for around 45 million euros via Inteco Beteiligungs GmbH, which in turn is controlled by Baturina's Beneco Private Foundation, the Tiroler Tageszeitung writes.
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