The Kospetas family’s Universal Hotel Group has executed a coup in Tempe with acquisition of staunch local the Riverview Hotel. Situated in Sydney’s inner west, roughly 10 kilometres southwest of the CBD, it features a popular sports bar, bistro, function rooms and 14 pub-style accommodation rooms. There is no gaming, but Tempe is a green […]
The Kospetas family has bookended its portfolio swap-shuffle with Barham Hamarashid, completing the off-market sale of The Mill in Bondi Junction, following exchange on the Evening Star. What was the Mill Hill Hotel was a modest two-storey premise previously owned and operated by the Waugh family. It was acquired by developer TWT Property Group, which
Continuing its portfolio shake-up, Universal Hotels is selling the Newtown Hotel in Sydney’s inner west, meeting the surging market for high cashflow operations. Well located at the gateway to the famed and vibrant King Street retail and entertainment strip, the Hotel sits on a high exposure corner of over 700sqm, close to Newtown Train Station
Colourful stalwart of Surry Hills the Evening Star has been snatched by the Kospetas family’s cosmic Universal Hotels. The Evening Star holds history attendant with the precinct, once home to media and newspaper tycoons partaking of its liquid offerings. Located on Elizabeth Street opposite Sydney’s Central Station, it is on the doorstep of the new
Universal has reshuffled the portfolio, taking up residence in the Palace of Haymarket, and calling an end to play at the Bat & Ball in Redfern. Built 1877, the Palace is one of three three-storey heritage Sydney buildings at the intersection of George and Hay streets, both directions now closed to vehicles. For decades it
The Kospetas family’s Universal Hotels has consolidated its broadened appeal with a multi-million-dollar renovation of suburban landmark the Tempe Hotel. A hotel was first established on the Princes Highway site in 1856, and the current two-storey brick building was constructed in the 1890s, holding a block of nearly 1,200sqm. Keeping an enviable collection of hotels
Universal has put its touch of flare on party palace The Imperial of Erskineville, revealing a revamped icon to burst back into the limelight. The ‘jeujed’ dancing queen of the inner west has reportedly been painted “shades of fabulous” with new and expanded dining options and a new high-energy entertainment program, following its purchase by
The award-winning Universal Hotels has opened a brand-new CBD pub in the heart of Darling Quarter, unveiling Darling Pavilion. Located at the foot of Tumbalong Park – a short walk over the footbridge from the CBD – the pavilion-style pub blends casual charm with Mediterranean-inspired elegance, seating over 350 patrons across 1,000sqm of indoor and
Hot on the high heels of rumours it was headed to the open market, news of a trans-action has emerged on Short and Leach’s LGBTQ+ landmark Imperial Hotel to the uber-inclusive Universal Hotels. A pub has existed on the Erskineville site since 1880, rebuilt in a classic Art Deco design by Virgil D Cizzio circa
Universal Hotels has skilfully negotiated a PR minefield, after an error in pricing prompted an angry social media post to go viral and a flood of negative reviews. The Oxford Hotel is an icon of Sydney’s colourful Oxford Street, and one of many in the Universal stable navigating a post-pandemic and lockout-affected landscape. But recently
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