However, at the end October, non-bank lender Manda Capital Holdings Pty Ltd, which had first mortgage security over the hotel, appointed PKF as receivers. It originally had 75 rooms but five years ago, we reduced them to 50 in order to make the rooms bigger and more attractive to the niche clientele that we were aiming for. Hotel Savoia, Sorrento Picture: the owners - Check out Tripadvisor members' 34,252 candid photos and videos. Well-placed sources said Trenerry had agreed to pay $14.5 million for the 145-year-old limestone hotel and had signed an unconditional contract. Search for hotel deals in 2020 and find hotels with the best reviews. In March, Colliers International's Guy Wells and Trent Hobart were given a second stab at selling the Conti. Hotel Club Sorrento is a pleasant 4 star hotel with 58 rooms, located in the heart of the Penisola Sorrentina, not very far from the old center of Sorrento. Julian Gerner at one of his former Melbourne pubs. Prominent Melbourne developer Trenerry Property Group is poised to take on the challenge of completing the development of Sorrento's Continental Hotel, after numerous setbacks put the Mornington Peninsula icon in the hands of receivers late last year. Very Good 8.0. Sign up to our new weekly Inside Property newsletter, Help using this website - Accessibility statement, abruptly dissolved their partnership in May, another developer, Demetrios Charisiou's LBA Capital, fell. Since work to transform the Conti into a 100-room luxury hotel, dining and events centre came to a halt in May, the hotel has remained a construction site, much to the consternation of Sorrento residents and the Nepean Conservation Group. We purchased this hotel for an existing hotel owner in 1994. The exposition attracted nearly four million visitors, which marked an auspicious beginning for the city’s first boutique hotel. Trenerry was contacted for comment as was Colliers International. Unfinished business: a giant hole next to the Continental Hotel in Sorrento. Hotel Sorrento first opened its doors in 1909, just before the Alaska-Yukon-Pacific Exposition, a world’s fair held in Seattle to highlight the development of the Northwest. Its owner, Melbourne hotelier Julian Gerner, had sought to take back control of the project after last year's $21 million sale to another developer, Demetrios Charisiou's LBA Capital, fell over. The developer is currently building the $345 million West End project in West Melbourne with the backing of the powerful Victor Smorgon Group and the Kanat family. 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