Several hotels in Victoria, Australia up for sale

In Victoria, Australia, several properties are up for sale: The Continental Hotel in Sorrento, Eagle Ridge Golf Course in Boneo, Pig and Whistle Tavern in Main Ridge, Whitehall Guest House in Sorrento, Portsea Hotel and the Old Church in Tyabb are all on the market, according to the Herald Sun.

Agents said international and Australian developers, hotel companies and even private schools were among those interested in the multi-million dollar properties, some of which had heritage overlays or zoning issues that limited development or use. Agent Rob Curtain, from Sotheby’s International Realty, said The Continental Hotel, built in 1875, was attracting interest from about 10 parties. 

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Agent Warwick Anderson, from RT Edgar, said there had been "diverse interest" in Whitehall Guest House in Sorrento, and that the property was likely to fetch more than $4 million. The Pig and Whistle Tavern in Main Ridge is also on the market with an asking price of more than $3 million.

Mornington Peninsula Regional Tourism Board chairwoman Tracey Cooper told the paper that there were “no unnatural forces” at work that might be forcing the sales. “We have more than 2,000 tourism businesses on the peninsula and it’s not surprising that a handful are testing the market,” Cooper said.

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