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

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 make up the 49-key Duxton Reserve Singapore hotel and the guide value translates to approximately $1.8 million per key.

The inn has a mix of guestrooms and suites that stretch from 559 to 215 sq ft. The lodging presents a combine of Chinese, Malay, and European style components by British interior creator Anouska Hempel.

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

At present, the Duxton Reserve Singapore is franchised under the Marriott International company and is the first Singapore hotel branded under its Autograph Collection, a global selection of private upscale high-end resorts around the Marriott International selection.

Emerald Of Katong Singapore

She adds that the property released in 2021 and needs restricted capital investment in the near term. Moreover, the activation of extra common spaces geared to host activities or pop-up stores has the potential to yield added rental revenue.

The Duxton Reserve Singapore assisted to develop Garcha Team, and Satinder Garcha, the company’s owner and director, as a community hotelier. His partner, Harpreet Bedi is the handling administrator of the couple’s hospitality business Garcha Hotels. Garcha Group also manages 3 other lodgings in Singapore– Maxwell Reserve, The Vagabond Club on Syed Alwi Roadway, and Serangoon House.

The Duxton Reserve and Maxwell Reserve initially come out in 2018 as Six Senses Duxton and Six Senses Maxwell, and were actually the first foray right into Singapore by the global wellness and hospitality brand Six Senses. Garcha Group and Six Senses acknowledged “jointly terminate” the deal in May 2020, and Six Senses has already afterward exited Singapore.

“Shophouse lodgings in Singapore meet the growing demand for immersive social expertises and provide potential for capital appraisal and stable revenues because of restricted supply on the market,” states Tan Ling Wei, senior vice-president, financial investment sales, at JLL Hotels & Hospitality Group, Singapore.

JLL has disclosed that the 49-key Duxton Reserve Singapore will be put up for sale with an expression of interest event.


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