An Alaskan state ferry idle since 2015 has finally been sold.

Alaska Dispatch News said the 7,300-gt Taku (built 1963) went for $300,000, according to the state.

Three companies put in bids, but Portland-based company KeyMar emerged as the winner and may now turn the ship into a floating hotel.

The two other bidders had offered around $50,000 to scrap the ferry.