Garcha Group sells Duxton Reserve Singapore to Lotus One Investment for $80m

Despite the ownership change, the group will stay on to manage the hotel during the transition period.

The Garcha Group has sold Duxton Reserve Singapore to Lotus One Investment Pte Ltd for $80m.

Despite the change in ownership, the Garcha Group will stay on to manage the hotel during the transition period.

Duxton Reserve Singapore is a 49-key luxury boutique hotel in Tanjong Pagar.

The property, which operates under the Marriott International Autograph Collection brand, was marketed by JLL Hotels & Hospitality Group.

Global Investment Institution, Lighthouse Canton, which is headquartered in Singapore, acted as portfolio advisor to Lotus One Investment in the acquisition of the property.