Melbourne’s Grollo family has acquired Mount Hotham Airport in north-eastern Victoria for more than $6.5 million and plans to develop residential accommodation for workers and staff at the nearby Mt Hotham and Dinner Plain ski resorts on the 105-hectare site.

The Grollo-owned alpine development business Altiset purchased the airport – the highest-elevation aerodrome in the country, built in 1999 at a cost of $17.5 million – from operator Vail Resorts.