Processing timeline
15
days
Acquirer(s)
The Trustee for SEAROCK PROPERTY UNIT TRUST ABN - 97 391 766 907, OSCARS NSW OPS PTY LTD ABN - 19 686 583 451, SEAROCK PROPERTY PTY LTD ACN - 623 130 852
Target(s) or Vendor(s)
17 BW ROAD HOLDINGS PTY LTD ACN - 664 303 977, BAYSWATER OPCO PTY LTD ABN - 40 673 620 203, BARCLAY HOUSE OPERATIONS PTY LTD ABN - 36 663 847 685, The Trustee for 17 BW Road Unit Trust ABN - 88 368 040 720
Other parties
OSCARS HOTELS PTY LTD ABN - 13 100 497 765
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.