Scamander's staple Beach Resort will be under new ownership as of January 6.
The 60-room hotel was purchased by Vision Hotels.
Director of vision Brendon Deeley said it was the location of the hotel that first drew him to it.
"When my brother and I drove by here a few years ago we stopped and we said 'wow, look at this place, can you ever imagine if we could get that place?'."
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The 1.13 ha property is one of the only places that can accommodate two full-sized coach tours.
Mr Deeley said the company hat big plans for renovations, which he hopes will rejuvenate the Scamander area as a whole.
"Scamander's not well known but it's at that point where it's ready to go ... the locals are waiting for something like this to happen," he said.
"Scamander, in its position in the Great Eastern Drive, really should be what Bicheno is. It should be a happening place that attracts people."