Rino Grollo is selling the hotel component of a mixed-use project under construction in Mt Buller.
The 24-suite Kooroora Hotel at 2-4 The Avenue is being marketed by agent and avid skier, John Castran.
It is expected to sell for more than $7 million.
The hotel forms part of a $40 million project Mr Grollo started construction of late last year and which will also contain high-end apartments, retail and commercial space, car parks and storage units – components of which have been offered off-the-plan this year.
The new complex is replacing the site occupied by the old Kooroora Hotel, built in 1953, destroyed by fire in 1961, and re-established, in 1962.
According to this item on website snowbest.com, “countless people lost their integrity” within the old drinking hole.
The former Kooroora Hotel, which closed its doors last September, famously played Dean Martin’s “That’s Amore” prior to closing its doors every night.
Mr Castran said the new Kooroora Hotel is the first boutique venue of its type for the Australian alps.
The redevelopment includes two buildings: a residential complex with 29 units has just one dwelling left for sale.
One of those apartments sold off-the-plan for $5.3 million setting a record price for an Australian alp property (smashing the record, by $800,000, set when Andrew Norbury acquired a dwelling in Thredbo).
The new Kooroora Hotel and apartment complex is due for completion mid-next year.