Folkestone Sydney Airport Hotel Fund

Fund Overview

The Fund has acquired the Mercure Sydney International Airport Hotel (Hotel) for $76.4 million. Folkestone Funds Management has raised $50 million to assist with the acquisition of the Hotel. The Fund was launched on 24th October and has closed significantly oversubscribed. Folkestone plans to undertake an extensive refurbishment and repositioning of the Hotel to enhance revenue and occupancy.

“The Folkestone Sydney Airport Hotel Fund will offer investors the opportunity to invest in a well-located hotel that is forecast to generate strong income returns once the refurbishment is completed and also provide the opportunity for capital growth from the repositioning of the Hotel and the positive outlook for the Sydney hotel market”. – Greg Paramor AO, Managing Director, Folkestone

Fund Type The Fund is a single asset, closed end, unlisted hotel fund.
Location 22 Levey Street, Wolli Creek, Sydney
Number of Rooms 271
Hotel Operator / Brand  Accor / Mercure
Rating 4-star
IRR 14.4% p.a1

1Post fees, pre-tax over the life of the Fund, which is forecast to expire in June 2023.

Our Board – Folkestone Funds Management Limited

Grant Hodgetts
Non-Executive Chairman
BA, Assoc Dip Val, AAPI, MAICD
Greg Paramor AO
Managing Director
FAPI, FAICD, FRICS
Ross Strang
Non-Executive Director
LLB (HONS), MAICD
Adrian Harrington
Head of Funds Management
B.SC (HONS), FFINSA, MAICD

Our Executives – Folkestone Funds Management Limited

Greg Paramor AO
Managing Director
FAPI, FAICD, FRICS
Adrian Harrington
Head of Funds Management
B.SC (HONS), FFINSA, MAICD
Ben Dodwell
Head of Real Estate
BA (I.D.), Grad. Dip. App. Fin. SIA, DIP PROP FIN, MAICD
Travis Butcher
Chief Financial Officer – Funds
B.Acc, CA, Grad. Dip. AFI SIA
Scott Martin
Chief Financial Officer & Company Secretary
B.Com, CA
Mark Stewien
General Counsel
LL.B, BCom (Finance)
Sean Wilson
Investment Manager
B.com, B.Bus (Real Estate Development & Valuation)

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