Kerley’s Coastal real estate agency manager Damian Cayzer confirmed the Gellibrand Street landmark has changed hands after close to 10 months on the market, but was unable to reveal the buyer’s identity or the price paid.
“The buyer is an interstate investor, with ties back to the Geelong Region,” Mr Cayzer said.
“They are planning to renovate and restore the grand old building to its former glory and re-open as a restaurant, hotel, day spa and accommodation facility in line with the approved architect designed and Heritage Victoria approved plans.”
At the time of it being listed for sale, it was thought the hotel could fetch as high as $10 million.
The Queenscliff last changed hands in 2015, with the previous owners gaining approval for - but not actioning - a major redevelopment, incorporating a day spa.
Built in 1887, the hotel was made famous in the 1970’s when it traded as Mietta’s Queenscliff, under renowned chef Mietta O’Donnell.
“I think this is fantastic news for 3225 and the broader Geelong Region,” said Mr Cayzer.
The redevelopment will commence early this year, he added.
The Queen Anne-style building was designed by Melbourne architects Reed, Henderson & Smart, who were also responsible for the State Library of Victoria, Collins Street Baptist Church, Melbourne Trades Hall and a number of Melbourne university buildings. It sits on 1,685sqm and boasts period features, 16 hotel rooms, dining room, a manager’s apartment, bar, library and sitting rooms.