The embattled Citigate hotel along the Mount Panorama racing circuit will be rebranded as Rydges Mount Panorama Bathurst by next Monday, says a report today in the Western Advocate.
Once a highlight of the 2004 redevelopment of the circuit, the $50 million property has been in receivership since 2007, after significant construction delays and limited success in its original form as a residential property.
The Rydges Hotels and Resorts Group will now take control of the property, after a sale for a reported $20 million.
There is at least one weekend of the year where the hotel experiences a roaring trade, however.
The Rydges website advises that bookings are available from February 13, which leaves plenty of time to permit bookings for the Armor All Bathurst 12 Hour, being held February 24-26.
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