Approved · Waiver · decided in 15 days, 19 June 2026
UnclassifiedWA-60021ACCC register
Oscars Group, through Searock Property Pty Ltd and Oscars NSW Ops Pty Ltd, is acquiring the Hotel Diplomat's freehold land, buildings, licences, and business assets in Potts Point, NSW, from 17 BW Road Pty Ltd, Bayswater OpCo Pty Ltd, and Barclay House Operations Pty Ltd, in the hotel accommodation sector.
Searock Property Pty Ltd as trustee for the Searock Property Unit Trust and Oscars NSW Ops Pty Ltd (the Acquirers ) propose to acquire 100% of the freehold land interest, buildings, licences and business assets (both tangible and intangible) of the Hotel Diplomat in Potts Point, New South Wales from 17 BW Road Pty Ltd as trustee for 17 BW Unit Trust (Receivers and Managers Appointed) (Administrators Appointed), Bayswater OpCo Pty Ltd (Receivers and Managers Appointed) (Administrators Appointed) and Barclay House Operations Pty Ltd (Receivers and Managers Appointed) (Administrators Appointed) (the Vendors ), as described in the transaction documents provided as part of the application (the Acquisition ). Located at 17 Bayswater Road, Potts Point NSW 2011, the Hotel Diplomat offers hotel accommodation services (and ancillary services related to the operation of a hotel). The Acquirers are part of the Oscars Group, which owns and operates community, food & beverage, entertainment and accommodation venues. The Oscars Group own and operate hospitality venues across New South Wales, South Australia, Queensland and Victoria.