Luna Park

Luna Park Dances Into New Ownership: Oscars Group Takes the Reins!

🎢 Big news for Luna Park lovers! Sydney’s iconic amusement park has a new owner. Find out how Oscars Group plans to keep the magic alive! ✨

In an exciting turn of events, Luna Park Sydney, the beloved harbourfront landmark, has officially changed hands. The amusement park, known for its iconic smiling face and thrilling rides, has been purchased by the Oscars Group, a prominent player in the Australian hospitality scene. This sale marks the first time in nearly two decades that the Park has been under new management, after being sold by Canadian investor Brookfield for a figure that remains undisclosed but is speculated to be over $50 million.

Oscars Group, which specializes in pubs and hospitality venues across New South Wales, is keen to breathe new life into the iconic park. The firm beat out international competitors in what has been described as a closely watched property deal, proving that local ownership still holds a special place in the community. The new owners have hinted at plans to revitalize the aging attraction while maintaining the charm that has made Luna Park a cherished part of Sydney's cultural landscape.

While the specifics of the revitalization plans are still under wraps, the excitement among Sydney residents is palpable. Fans of thrill rides and fairy floss alike are eager to see how Oscars Group merges their extensive hospitality expertise with the whimsical world of Luna Park. With an eye on enhancing visitor experiences, there’s potential for a bright future ahead that may include new attractions or refreshed food offerings that will have guests jumping for joy.

As we wait for the new chapter to unfold, it’s important to note that Luna Park has been part of Sydney's skyline since its opening in 1935. The amusement park is not just an entertainment hub, but also a historical landmark, featuring the iconic Mr. Moon at the entrance – a symbol of fun. Interestingly, the park has faced its fair share of challenges, including being shuttered for periods in the late 20th century but has always bounced back to reclaim its title as a beloved destination.

Additionally, Luna Park isn't just an individual attraction; it contributes significantly to local tourism and the economy. With the arrival of Oscars Group at the helm, there’s no telling how this classic venue will evolve, but one thing's for sure – the magic of Luna Park is set to continue!