The Garcha Group has sold the luxury boutique hotel Duxton Reserve Singapore to Lotus One Investment Pte Ltd for SGD 80 million, continuing its management to ensure operational continuity.

Overview of Duxton Reserve Singapore

The Garcha Group has successfully completed the sale of Duxton Reserve Singapore, a luxury boutique hotel featuring 49 keys, situated in the prominent area of Tanjong Pagar, for SGD 80 million to Lotus One Investment Pte Ltd. This property operates under the prestigious Marriott International Autograph Collection brand and was marketed through JLL Hotels & Hospitality Group, a leading real estate advisory firm specializing in hospitality assets.

Designed by renowned British designer Anouska Hempel, Duxton Reserve is set within a row of conserved heritage shophouses, making it one of Singapore's most architecturally significant boutique hotels. The Garcha Group, known for its collection of heritage-rich luxury properties, has effectively repositioned this asset into a flagship destination. As per the terms of the sale, the Garcha Group will continue managing the hotel to ensure a seamless operational transition.

Industry Overview in Singapore

The hospitality sector in Singapore has experienced robust growth, driven by the city's status as a major business and tourism hub in Southeast Asia. With a diverse range of international travelers and corporate clients, Singapore's hotel market has