The new owners of the Cardrona Hotel jumped on the investment to keep it in Kiwi hands.
Central Otago's 162-year-old heritage-listed hotel and restaurant has sold, after being on the market since July.
Wanaka local, Warren Barclay, will run the business - and says the new owners are high net worth Kiwis and good sorts who see potential.
He says business is solid and we don't want to do anything that changes that.
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