Oct 12 (Reuters) - Folkestone Ltd FLK.AX
* Folkestone acquires Sydney Airport Hotel for new fund
* Folkestone Funds Management will be seeking to raise $50.0 million for offer
* Folkestone Sydney Airport Hotel Fund exchanged contracts for acquisition for $76.4 million (excluding transaction costs)
* Fund also secured $49.4 million debt facility from an Australian bank
* For acquisition of hotel, fund secured underwriting commitments totalling $31.9 million, $15.0 million of which will be provided by Folkestone