Big plans for Poolburn pub?
The Poolburn Hotel has sold and there is speculation it will be turned into accommodation for cyclists.
Former owner Dion Morrell of Dion Morrell Shearing said he had no idea what the new owners were going to do, but was happy to have it sold.
‘‘We’ve changed the structure of our business. At the end of the day, it’s good for us.’’
Morrell used the building to accommodate employees, but said most of the younger ones wanted to be in town and that meant having to sell the hotel.
He was ‘‘reasonably happy’’ with the sale price.
Although nothing is confirmed, the rumour was two Queenstown men had bought the pub as accommodation for a new mountainbiking venture.
It’s understood the men are in discussions with a farmer about a piece of land to create a new downhill track.
Queenstown Mountainbike Club’s Fraser Gordon said he knew nothing about the purchase of the hotel, but said if the speculation was true, it would be great for mountainbiking in Central Otago.
Southern Wide Real Estate’s Natasha McLeod confirmed the sale but would not comment further.
The hotel sold in 2006 for $380,000 and again in 2010 to Morrell for an undisclosed amount.