Peter Macadam and Nick Christensen reported international attention and strong enquiry before they transacted the $5.25 million sale of the former CBD hotel on Newcastle's Hunter Street to "a valued Colliers International client".
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They said the buyer was a Sydney-based developer who appreciated "the Newcastle story and the flow-on effect of the revitalisation of the CBD".
The sale came as another well-known Newcastle establishment in the landmark Beach Hotel overlooking Merewether beach was listed for sale.
Deane Moore, of Moore & Moore Real Estate, and Mike Wheatley, of Knight Frank Hotels, are marketing the Beach Hotel through expressions of interest.
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