Hoteliers sell Surfers Paradise holiday home for loss

Adelaide hoteliers Peter and Jenny Hurley, who had a $4.75 million price tag on their Surfers Paradise holiday home, have accepted $3.55 million.
The home on the Commodore Drive dress circle cost the couple $4 million in 2003 when they bought it from freight tycoon Clive Thomas and wife Lee.
The Thomas' built the European-inspired home with domed ceiling a year earlier.
It had sold at $4 million in 2003.
It has four bedrooms, a formal lounge with wet bar and an entertaining area with infinity edge pool overlooking the Main River.
Kollosche Prestige agents Michael Kollosche and Duncan Longmore had the listing.
Peter, a long-time Adelaide Crows board member until a few years ago, established the Hurley Hotel group over four decades ago, buying the Wudinna Hotel in 1975.
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