$80m Oscar Hotel Seppeltsfield gets $3.5m loan through the Economic Recovery Fund

The luxury $80m six-star Oscar Hotel at Seppeltsfield Winery is among the projects benefiting from the South Australian government’s Economic Recovery Fund. This initiative, established in the 2022-23 budget, is designed to stimulate economic growth by providing financial assistance to key projects.

 

The Oscar Hotel, located in the renowned Seppeltsfield Winery, will feature 71 opulent rooms, a fine dining restaurant, a lounge area, a rooftop pool, and a terrace bar. The project has been awarded a $3.5m loan, part of the $11.5m allocated to regional tourism infrastructure development.

 

Construction approval for The Oscar was granted by the local Light Regional Council on June 1, 2022, marking a significant milestone in the development of this luxury accommodation.

 

Treasurer Stephen Mullighan highlighted the significance of such projects, stating, “The successful tourism projects including a new six-star hotel in the Barossa will benefit South Australians by creating jobs and boosting our visitor economy.”

$20 million has been allocated for the second round of the ERF to support up to 8,000 eligible small businesses and not-for-profit organisations to invest in energy efficient equipment or other improvements to reduce and manage their energy usage and costs. Grants ranging from $2,500 to a maximum of $50,000, with a matching contribution by the applicant, will be available on a first-come, first-served basis until the funding allocation has been exhausted.