The Oddfellows Hotel was subject to major alterations just two years before its centenary, in preparation for the 1987 America's Cup Defence. In 1985 $500,000 was invested in renovating the building. A considerable part of the hotel was demolished and a small courtyard was created. The building still has two floors, a galvanised steel roof with a central feature chimney and a basement with its entrance from Norfolk Street. A retained feature are the wooden doors on the first floor through which loads could be hoisted.