UPDATE: New buyer to reach deal for iconic Calliope pub
THE historic Diggers Arms Hotel in Calliope has new owners after being bought by Pine Beach Hotel Motel owners Erik and Chris Archer of Emu Park.
The settlement is due on December 18.
Mrs Archer said the couple had been looking to own another business for a long time.
"We're looking at running it for a while and putting some management in as we go," she said.
A BUYER has been found for the Diggers Arms Hotel in Calliope after the iconic pub spent six months in receivership.
The Observer understands new owners will take over the hotel, at 1 Bell St, in two weeks.
It is unknown when the papers will be signed, but it is expected to be soon.
When the hotel was on the market in August 2016, its owners said it was making $26,500 a week, not including the revenue from ten gaming machines.
The pub boasts a public bar, bistro, function room, drive through bottleshop, manager's accommodation and gaming machines.
Expressions of interest were sent out for the pub in June this year.
This is a developing story. Updates to follow as details emerge.