Garcha Group puts up Duxton Reserve Singapore for sale at more than $90 mil

Today, the Duxton Reserve Singapore is franchised within the Marriott International label and is the very first Singapore hotel organization following its Autograph Collection, a worldwide collection of independent upscale luxury resorts around the Marriott International collection.

The Duxton Reserve Singapore helped to establish Garcha Group, and Satinder Garcha, the company’s owner and chairperson, as a community hotelier. His spouse, Harpreet Bedi is the managing administrator of the couple’s hospitality establishment Garcha Hotels. Garcha Group also owns 3 various other lodgings in Singapore– Maxwell Reserve, The Vagabond Club on Syed Alwi Road, and Serangoon House.

Grand Dunman condominium

According to an Oct 23 announcement issued by JLL the exclusive advertising agent, the amalgamated real estates remain on a 9,775 sq ft location and have a built-up area of approximately 34,000 sq ft.

The hotel has a blend of guestrooms and suites that range from 559 to 215 sq ft. The lodging offers a mix of Chinese, Malay, and European design elements by British interior designer Anouska Hempel.

The Duxton Reserve and Maxwell Reserve firstly debuted in 2018 as Six Senses Duxton and Six Senses Maxwell, and were actually the first venture right into Singapore by the worldwide health and hospitality brand Six Senses. Garcha Group and Six Senses acknowledged “together close” the contract in May 2020, and Six Senses has since left Singapore.

A row of 8 3-storey conservation shophouses managed by the Garcha Group have been put up for sale with an overview cost of greater than $90 million. Collectively, the shophouses make up the 49-key Duxton Reserve Singapore hotel and the guide cost equates to about $1.8 million per key.

“Shophouse hotels in Singapore match the expanding need for immersive social knowledge and provide possible for capital appraisal and secure revenues due to restricted source available,” says Tan Ling Wei, senior vice-president, investment sales, at JLL Hotels & Hospitality Group, Singapore.

She adds in that the property released in 2021 and demands minimal capital expenditure in the near term. Additionally, the activation of extra usual areas geared to host events or pop-up stores has the potential to generate added rental income.

JLL has announced that the 49-key Duxton Reserve Singapore are going to be sold with an expression of interest exercise.


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