Melbourne budget accommodation Elephant Backpackers has been sold for $7 million to an undisclosed buyer.
The Edwardian-era building, formerly called Ackmans Building, was built in 1910, around the same time as Flinders Street Station (1909) was constructed.
The new owner of Elephant Backpackers operates a hostel in the Melbourne CBD and plans to continue operating the 240-bed backpacker hostel.
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