Oscars Group, one of the largest privately-owned hospitality groups in New South Wales, has acquired Sydney’s iconic Luna Park.

Sydney’s iconic Luna Park has switched hands, selling for the first time in almost two decades to major local hospitality player, Oscars Group.

Sydney Harbour’s Luna Park has been snapped up by the pub and hotel owning Oscars Group, with the low-profile company planning to revitalise the ageing fun park with a series of new harbourside restaurants and bars.

A major hospitality group has purchased iconic Sydney attraction Luna Park following an international sales campaign.Oscars Group, a local company, purchased the park for an undisclosed amount from former owners Brookfield.