Receivers have put Sorrento's Continental Hotel back up for sale following a series of failed attempts to redevelop the Mornington Peninsula landmark.
The majestic but crumbling 145-year-old limestone hotel is owned by Melbourne hotelier Julian Gerner's Continental Development Pty Ltd, which was placed in the hands of receivers at PKF at the end of October.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
