After a few years trying to earn money to marry Jessica Harrison, Jim Craig returns to Snowy River. But he finds that a lot of things have changed.

Jim Craig has lived his first 18 years in the mountains of Australia on his father's farm. The death of his father forces him to go to the lowlands to earn enough money to get the farm back on its feet.

In World War II era Los Angeles, the manager of the Culver Hotel leaves his nephew in charge for a weekend. The nephew changes the name to the Hotel Rainbow and overbooks with royalty, assassins, secret agents, Japanese tourists, and munchkins. Secret Service agent Bruce Thorpe and casting director Annie Clark find romance amidst the intrigue and confusion.