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

Today, the Duxton Reserve Singapore is franchised under the Marriott International label and is the first Singapore hotel branded under its Autograph Collection, a global compilation of independent high end high-end hotels within the Marriott International collection.

The hotel has a blend of guestrooms and suites that vary from 559 to 215 sq ft. The resort features a mix of Chinese, Malay, and European layout elements by British interior designer Anouska Hempel.

The Duxton Reserve and Maxwell Reserve firstly released in 2018 as Six Senses Duxton and Six Senses Maxwell, and were actually the first foray right into Singapore by the worldwide health and hospitality label Six Senses. Garcha Team and Six Senses settled for “jointly finish” the agreement in May 2020, and Six Senses has already afterward exited Singapore.

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

She includes that the property released in 2021 and requires limited capital expenditure in the near term. Furthermore, the activation of extra usual spaces geared to host events or pop-up stores has the potential to generate added leasing earnings.

Sceneca Residences showflat location

JLL has actually released that the 49-key Duxton Reserve Singapore will be sold with an expression of interest event.

A row of 8 3-storey conservation shophouses managed by the Garcha Group have actually been put up for sale with an overview rate of more than $90 million. Jointly, the shophouses comprise the 49-key Duxton Reserve Singapore hotel and the overview price equates to around $1.8 million per key.

“Shophouse hotels in Singapore match the expanding need for immersive cultural expertises and provide possible for capital appraisal and stable returns because of minimal stock available,” claims Tan Ling Wei, top vice-president, financial investment sales, at JLL Hotels & Hospitality Group, Singapore.

The Duxton Reserve Singapore helped to develop Garcha Group, and Satinder Garcha, the company’s founder and chairman, as a local area hotelier. His better half, Harpreet Bedi is the handling supervisor of the couple’s hospitality business Garcha Hotels. Garcha Group also owns three other lodgings in Singapore– Maxwell Reserve, The Vagabond Club on Syed Alwi Roadway, and Serangoon Property.


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