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

The Duxton Reserve and Maxwell Reserve initially debuted in 2018 as Six Senses Duxton and Six Senses Maxwell, and were actually the initial foray right into Singapore by the global wellness and friendliness brand Six Senses. Garcha Group and Six Senses agreed to “jointly terminate” the deal in May 2020, and Six Senses has afterward left Singapore.

At present, the Duxton Reserve Singapore is franchised within the Marriott International label and is the first Singapore hotels and resort organization under its Autograph Collection, an international compilation of private high end high-end hotels around the Marriott International portfolio.

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

The hotel has a blend of guestrooms and suites that stretch from 559 to 215 sq ft. The resort presents a combine of Chinese, Malay, and European style details by British interior professional Anouska Hempel.

“Shophouse hotels in Singapore match the growing need for immersive social expertises and give potential for capital appraisal and secure returns because of minimal supply in the market,” states Tan Ling Wei, top vice-president, investment sales, at JLL Hotels & Hospitality Group, Singapore.

Pinetree Hill price

A row of eight 3-storey conservation shophouses owned by the Garcha Group have been put up for sale with a guide cost of more than $90 million. Collectively, the shophouses comprise the 49-key Duxton Reserve Singapore hotel and the guide cost translates to about $1.8 million per key.

She adds in that the property debuted in 2021 and needs minimal capital expenditure in the near term. Furthermore, the activation of additional usual spaces geared to host activities or pop-up stores has the potential to generate more leasing income.

According to an Oct 23 news release issued by JLL the exclusive marketing representative, the amalgamated properties sit on a 9,775 sq ft site and have a built-up area of approximately 34,000 sq ft.

The Duxton Reserve Singapore assisted to establish Garcha Team, and Satinder Garcha, the firm’s creator and chairperson, as a local area hotelier. His partner, Harpreet Bedi is the supervising supervisor of the couple’s accommodation business Garcha Hotels. Garcha Group also manages 3 various other lodgings in Singapore– Maxwell Reserve, The Vagabond Club on Syed Alwi Roadway, and Serangoon House.


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