Russian investor is buyer of historic hotel

Take note – story published 9 years ago

Wealthy Russian businessman Aleksandr Gusakov is the new buyer of the historic Kemeri sanatorium, one of the Baltic region's most beautiful and iconic buildings, newswire BNE reported Tuesday.

Until now the identity of the buyer who snapped up the iconic building at auction for a bargain €3m last week has been a mystery.

But according to BNS, insolvency administrator Ainars Kreics has now revealed Gusakov as the buyer of the property which has been closed to the public and in legal limbo for years under the ownership of previous buyer "Ominasis Latvia".

 "The auction was open to all and [he] was the only one who applied," said Kreics, describing Gusakov as a succesful hotelier and entrepreneur with hotels in Germany and Switzerland.. 

"In my opinion, this has been a very successful transaction. It would have been even better if Kemeri sanatorium had been acquired by the state, but it did not happen, so this is the best of the possible alternatives," Kreics said. 

On October 3 the beautiful art deco Kemeri sanatorium, designed by famous architect Eizens Laube, was sold at auction. The starting price in the one-bidder auction was 2.9 million euros.

Previous attempts to auction off the property had failed so administrators were happy to accept what seems like a very modest price for such a remarkable property.

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