The hotel of the richest woman in Russia became unprofitable
Austrian golf club and hotel owned by Elena Baturina, the leader of the top of the most wealthy ladies of the Russian Federation according to Forbes, became unprofitable.
According to media reports, the tourist business of the wife of ex-mayor of Moscow Yuri Luzhkov in 2016 was in the red by almost 10 million euros.
Golf club and five-star hotel "Grand Tyrolia" Elena Baturina was able to acquire more than ten years ago. The amount of the transaction was about 25 million euros. Since then, the businesswoman has invested another 80 million euros in assets. However, while this business brings the richest Russian woman losses. The state of Elena Baturina Forbes magazine estimated in 2017 at $ 1 billion, reports Life.
According to the source, in 2016 the balance loss of the golf club is 2.3 million euros, and in 2015 - 2.4 million euros. The equity shortfall amounted to 17.4 million euros, liabilities increased to 76.6 million euros. The hotel's debt is $10.3 million. The lack of capital on the hotel - 9.4 million euros.
Photo: tourprom