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

According to an Oct 23 news release published 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.

“Shophouse accommodations in Singapore achieve the expanding need for immersive social knowledge and provide potential for capital valuation and secure returns due to minimal supply on the market,” says Tan Ling Wei, senior vice-president, financial investment sales, at JLL Hotels & Hospitality Team, Singapore.

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

One Bernam price

Today, the Duxton Reserve Singapore is franchised underneath the Marriott International brand and is the first Singapore accommodation branded following its Autograph Collection, a worldwide compilation of independent upscale luxury hotels around the Marriott International portfolio.

The Duxton Reserve and Maxwell Reserve originally come out in 2018 as Six Senses Duxton and Six Senses Maxwell, and were actually the first venture into Singapore by the worldwide wellness and hospitality company Six Senses. Garcha Group and Six Senses acknowledged “jointly finish” the agreement in May 2020, and Six Senses has already afterward exited Singapore.

A row of eight 3-storey conservation shophouses owned 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 guide cost equates to roughly $1.8 million per key.

The Duxton Reserve Singapore helped to establish Garcha Group, and Satinder Garcha, the company’s creator and director, as a community hotelier. His spouse, Harpreet Bedi is the handling supervisor of the couple’s hospitality establishment Garcha Hotels. Garcha Group also manages three other lodgings in Singapore– Maxwell Reserve, The Vagabond Club on Syed Alwi Roadway, and Serangoon Property.

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

She adds in that the real property debuted in 2021 and demands limited capital investment in the near term. In addition, the activation of extra usual areas geared to host activities or pop-up stores has the potential to yield additional rental earnings.


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