Two companies - Rankin Builders of Pambula and Irisha/Rubycove from the Melbourne-suburb of Macleod - have lodged tenders with Bega Valley Shire Council to buy and restore Eden's iconic Hotel Australasia.
Tenders closed on Wednesday, August 2.
A Bega Valley Shire Council spokeswoman said the tenders - which are confidential at this stage - were currently under evaluation.
It was anticipated that the evaluation panel’s report and recommendation would go to the August 30 council meeting, she said.
"It is pleasing to receive interest from both locally based and interstate commercial entities," the spokeswoman said on Monday.
At the time of going out to tender, council said the successful tenderer would be required to restore the original part of the old hotel, including the facade, and demolish non-original sections.
Restoration must commence within nine months and be completed within two years, it said.
Selection would be based on previous project experience, as well as being able to demonstrate “local community benefit” and commercial activation of the building.
Council’s intends to list the old hotel – which was built in 1904 – as a heritage item under the Local Environment Plan 2013.