Moxy Hotel to Land at Sydney Airport
Sydney Airport is ready for a new $ 140 million hotel, with Marriott International to launch its new Moxy brand for the first time in the state and aimed at “young at heart” customers who don’t want to be confined to. a stay at the hotel.
Construction has begun on Moxy Sydney Airport, a joint venture between RF Corval and KS Hotels & Resorts. Sydney-based construction firm Roberts Co was appointed to build the project.
Designed by MAED. COLLECTIVE and GSA Group, the 2,997 square meter hotel is located on Baxter Road, located directly next to Sydney Airport and will consist of 301 rooms.
RF Corval Hotel Manager Chris Boys said it was a historic project for the company.
[dm-listing-recommendation experimentname=âmidcontent-listingsâ positiononpage=âmidcontentâ]
Guests will have access to a co-working space and collaborative meeting spaces, a hallmark of the Moxy brand. There are five fast-growing hotels under the brand that are slated to open across the country in the coming years.
Richard Crawford, Senior Director, Hotel Development Australia, New Zealand and Pacific for Marriott International, said Moxy’s latest signing at Sydney Airport is Marriott International’s fifth signing for the brand in Australia and New Zealand, making it one of our fastest growing brands in the Region.
âThe scale of this project and its prime location at the entrance to Sydney Airport should position the hotel as an icon of the Moxy brand in Asia-Pacific.
It comes as the hotel industry comes under pressure from border closures and lockdowns, which have kept occupancy rates at an all-time high of around 10%.
But hoteliers say they are confident the market will come back to life as soon as the borders reopen, given people’s pent-up desire to start traveling as soon as possible.
Investor demand has also challenged current conditions, with a series of new developments underway and sales have been strong. The Colliers hotel team said the Australian hotel market has moved up a gear with nearly $ 1.756 billion in assets traded through July 2021 in a busy first half of the year representing more than 4,500 rooms. .
âThis project clearly reflects our confidence in the accommodation and travel industry. With our partners, we share a positive outlook for longer-term demand, with an expected recovery in travel and tourism after the borders open, âBoys said.
After just four years of operation, the project will expand Roberts Co’s portfolio of projects, which includes North Sydney’s Zurich Tower, North Shore Health Hub and the $ 341 million Concord Hospital redevelopment.
Roberts Co CEO Alison Mirams said the Moxy is going to be a “fun project to work on and even despite the 50% workforce capacity restrictions we are currently working in due to COVID- 19, nearly 2,000 new jobs will be created during the construction phase.
Moxy Sydney Airport is expected to open in early 2023.
[dm-listing-recommendation experimentname=âbelow-content-listingsâ positiononpage=âbelowContentâ]