On the corner of Oxford and Bourke Streets, The Oxford Hotel freehold component was divested two years ago by Pelathon in the wake of the lockout down-turn.

A million-dollar makeover by famed pub architect, E Lindsay Thompson, has seen the pub continue to perform at a high level following the legislative curfew.

The Kospetas family who lead Universal Hotels, has recently purchased Riversdale’s Kinselas for $23m and the Brighton Hotel, building a strong reputation in running hospitality venues. The family believe Oxford Street is ready to start thriving again with a focus on food and entertainment.

Jaz Mooney’s Pelathon continues its focus on assets in Queensland, particularly the far north, and determined someone else would be better to apply the hands-on attention the Oxford needed for a suitable makeover.

The Kospetas family behind Universal Group believe Oxford Street is ready to start thriving again, and cite plans “activating its presence” in the precinct with a focus on food and entertainment.

“With the ‘Yes’ vote and everything I think there’s a bit of energy in that scene. Also, it’s the 40th anniversary of Mardi Gras next year too. We’re looking forward to it for Oxford Street.” says Harris Kospetas.

Kospetas also mentions they are working through plans give each of their three Darlinghust pubs a unqiue twist.

“They’re all different, and each venue’s going to have a different offering. That’s the only reason why we’ve gone for three. We wouldn’t necessarily go for so many so close, but the opportunity was there so we took it.

Brokering agent Sam Handy mentions “The Oxford will complement Universal Hotels’ existing interests in the precinct, and is a great fit for them considering their particular skill sets across food, gaming and late-night entertainment.”

To discuss the sale in further detail contact Sam Handy or Daniel Dragicevich via the below contact details.

Source: PUBtic

See also:

Feros Group cashes in on the Rocksia Hotel for $36m

Grand Bondi Junction development to replace Cock’N’Bull Hotel

Justin Hemmes led Merivale buys another Sydney Eastern Suburbs hotel