Hotel from Priscilla, Queen of the Desert sells for $105 million to Sydney ...

A piece of Australian film history is officially off the market after a Sydney property developer bought the famous Lasseters Hotel Casino in Alice Springs for a whopping $105million.

The hotel, formerly called the Diamond Springs Casino, featured in 1994's The Adventures of Priscilla, Queen of the Desert as the location where drag queen Mitzi Del Bra - played by actor Hugo Weaving - performed on stage.

Sydney-based development empire Iris Capital purchased the hotel from Singapore-listed group Lasseters International Holdings, which owned the property for the past 24 years.

Sold! The iconic Alice Springs hotel from The Adventures of Priscilla, Queen of the Desert has sold for $105million to a Sydney property developer. Pictured: actors Hugo Weaving, Terence Stamp, Guy Pearce in 1994's The Adventures of Priscilla Queen of the Desert

Sold! The iconic Alice Springs hotel from The Adventures of Priscilla, Queen of the Desert has sold for $105million to a Sydney property developer. Pictured: actors Hugo Weaving, Terence Stamp, Guy Pearce in 1994's The Adventures of Priscilla Queen of the Desert

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The hotel has undergone a complete refurbishment over the past eight years, with Lasseters spending more than $50million on renovations. 

What was previously a 75-room hotel with 188 gaming machines, 21 table games and basic dining facilities, is now a 4.5-star hotel with 205 rooms and a top-of-the-line commercial health club.

The hotel also boasts a day spa, convention centre, several restaurants and bars, and an international-standard casino.

Local acquisition: Sydney-based development empire Iris Capital purchased the hotel from Singapore-listed group Lasseters International Holdings

Local acquisition: Sydney-based development empire Iris Capital purchased the hotel from Singapore-listed group Lasseters International Holdings 

Famous location: The hotel, formerly called the Diamond Springs Casino, appeared in cult Australian film The Adventures of Priscilla, Queen of the Desert as the location where drag queen Mitzi Del Bra - played by actor Hugo Weaving (pictured) - performed on stage

Famous location: The hotel, formerly called the Diamond Springs Casino, appeared in cult Australian film The Adventures of Priscilla, Queen of the Desert as the location where drag queen Mitzi Del Bra - played by actor Hugo Weaving (pictured) - performed on stage

In a public statement last month, Lasseters chief executive Datuk Paul Wong said it had been a 'pleasure' having the property on its portfolio.

'Lasseters' greatest asset is the dedication and commitment of the staff, some of whom

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