RF CorVal Baxter Rd Hotel Trust

56 Baxter Road, Mascot NSW 2020

Property Information

Property"Moxy Hotel" 56 Baxter Road, Mascot NSW 2020
CommencementSeptember 2019
No. Guestrooms301
Forecast Hotel Opening DateQ2 2023
Hotel OperatorMarriott International - Moxy Hotels brand
Total Development Cost (100%)$121m
Target Equity IRR12-15%

Development of upper-midscale lifestyle hotel within Sydney airport precinct.

The RF CorVal Baxter Rd Trust is an unlisted property trust established to develop and own an upper-midscale lifestyle hotel operated by the world’s largest hotel group, Marriott International under its “Moxy” brand.

The hotel will offer 301 guestrooms, the signature Moxy Bar and check in experience, a café and all-day dining venue, conference and meeting rooms, guest laundry and gymnasium. The design of the hotel lends itself to a lean staffing model, operating efficiencies, and therefore, potentially strong investment returns.

Forecast to open in Q2 2023, the Trust intends to own the Property for a period of approximately 5 years from hotel opening, allowing time to progressively ramp up its operations to a more stabilised series of earnings before ultimately disposing of the Property.

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