Maffra’s ‘Mac’ sells for $1.16m

Maffra's beloved 'The Mac' has sold for $1.16 million.

Maffra’s Macalister Hotel went under the hammer on Saturday, selling for $1.16 million.

A robust bidding war resulted in the price climbing from an opening bid of $950,000 to its final price.

The new owners, who wished to remain anonymous, are based in Victoria but are not from the Maffra area.

Wellington Real Estate’s Jeremy Gray said the agency received about 20 bids in all, but there were only two bidders.

Mr Gray expects the owners to renovate the historic hotel before reopening.

“They are going to do their due diligence and renovate what is needed,” he said.

Mr Gray expects the hotel to reopen in the new year, depending on renovations.