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

Today, the Duxton Reserve Singapore is franchised underneath the Marriott International company and is the very first Singapore hotel organization following its Autograph Collection, a global selection of independent upscale deluxe hotels among the Marriott International profile.

JLL has released that the 49-key Duxton Reserve Singapore will be offered through an expression of interest exercise.

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

The Duxton Reserve Singapore helped to develop Garcha Group, and Satinder Garcha, the business’s creator and director, as a community hotelier. His spouse, Harpreet Bedi is the supervising supervisor of the couple’s reception service Garcha Hotels. Garcha Group also manages 3 other hotels in Singapore– Maxwell Reserve, The Vagabond Club on Syed Alwi Road, and Serangoon Residence.

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

She adds that the real property released in 2021 and requires limited capital investment in the nearby term. Moreover, the activation of additional common spaces geared to host activities or pop-up stores has the potential to generate added rent revenue.

The Myst Condo price

A row of eight 3-storey conservation shophouses operated by the Garcha Group have been offered with a guide cost of more than $90 million. Jointly, the shophouses make up the 49-key Duxton Reserve Singapore hotel and the overview cost equates to approximately $1.8 million per key.

The Duxton Reserve and Maxwell Reserve firstly debuted in 2018 as Six Senses Duxton and Six Senses Maxwell, and were actually the very first venture into Singapore by the worldwide health and hospitality brand Six Senses. Garcha Team and Six Senses agreed to “mutually close” the contract in May 2020, and Six Senses has already since exited Singapore.

“Shophouse hotels in Singapore match the growing demand for immersive social expertises and give potential for capital appreciation and strong revenues caused by minimal source available,” says Tan Ling Wei, senior vice-president, financial investment sales, at JLL Hotels & Hospitality Team, Singapore.


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