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

JLL has disclosed that the 49-key Duxton Reserve Singapore are going to be sold via an expression of interest event.

“Shophouse lodgings in Singapore achieve the expanding demand for immersive cultural knowledge and give possible for capital valuation and strong returns because of limited supply available,” claims Tan Ling Wei, top vice-president, investment sales, at JLL Hotels & Hospitality Group, Singapore.

According to an Oct 23 news release provided 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 around 34,000 sq ft.

The Duxton Reserve and Maxwell Reserve initially released in 2018 as Six Senses Duxton and Six Senses Maxwell, and were actually the first venture into Singapore by the global wellness and friendliness company Six Senses. Garcha Team and Six Senses agreed to “jointly close” the arrangement in May 2020, and Six Senses has already since departed Singapore.

The Arden Singapore

A row of 8 3-storey conservation shophouses operated by the Garcha Group have been offered with an overview cost of greater than $90 million. Jointly, the shophouses consist of the 49-key Duxton Reserve Singapore hotel and the overview price equates to about $1.8 million per key.

The Duxton Reserve Singapore guided to develop Garcha Group, and Satinder Garcha, the business’s founder and chairman, as a local area hotelier. His better half, Harpreet Bedi is the handling director of the couple’s hospitality service Garcha Hotels. Garcha Group also manages 3 various other hotels in Singapore– Maxwell Reserve, The Vagabond Club on Syed Alwi Roadway, and Serangoon House.

Nowadays, the Duxton Reserve Singapore is franchised underneath the Marriott International company and is the 1st Singapore hotels and resort branded under its Autograph Collection, a worldwide compilation of independent upscale deluxe resorts around the Marriott International portfolio.

The hotel has a blend of guestrooms and suites that stretch from 559 to 215 sq ft. The hotel features a combine of Chinese, Malay, and European design components by British interior creator Anouska Hempel.

She adds in that the property debuted in 2021 and requires limited capital expenditure in the near term. Furthermore, the activation of additional typical spaces geared to host events or pop-up stores has the potential to generate additional rental earnings.


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