Company Updates
Lotus One Investment Acquires Duxton Reserve from the Garcha Group for SGD80 Million
The Garcha Group has concluded the sale of Duxton Reserve Singapore, a 49-key luxury boutique hotel in the heart of Tanjong Pagar, to Lotus One Investment Pte Ltd for SGD80 million.
The property, which operates under the Marriott International Autograph Collection brand, was marketed by JLL Hotels & Hospitality Group, Singapore’s market-leading real estate advisory firm specialising in hospitality assets. Global Investment Institution, Lighthouse Canton, which is headquartered in Singapore, acted as portfolio advisor to Lotus One Investment in the acquisition of the property for its broader hospitality and real estate portfolio strategy.
Duxton Reserve, designed by acclaimed British designer Anouska Hempel, is housed within a row of conserved heritage shophouses and has become one of Singapore’s most architecturally distinctive boutique hotels. The Garcha Group, known for curating a portfolio of heritage-rich luxury properties, successfully repositioned the asset into a flagship hospitality destination. As part of the agreement with the new owners, the Garcha Group will continue to manage the hotel to provide a smooth operational transition.
Satinder Garcha, a well-known figure in Singapore’s polo community, and Harpreet Kaur Bedi, a former Fortune 500 corporate lawyer, and together the Founders of the Garcha Group, said: “Duxton Reserve has been a defining project for us, and we’re incredibly proud of what we built. With the asset now in strong hands, we are shifting our focus to new ventures and expanding the Garcha brand into new markets through exciting partnerships and projects that continue to celebrate heritage with modern relevance and curated luxury experiences. In both polo and business, success comes from intuition, discipline, and knowing when to pass for the next play. What makes this moment especially meaningful is the strategic alignment between both parties. We are excited about the potential for long-term collaboration and the continued journey of Duxton Reserve.”
The sale represents a strategic capital reallocation, allowing the group to focus on new development projects and expanding the Garcha brand both locally and internationally.
The acquisition aligns with Lotus One Investment’s hospitality and real estate strategy, which centres on long-term, value-oriented investments in iconic and culturally significant assets. Lotus One Investment is a Singapore-based investment group with deep roots in the consumer sector and other strategic industries across Asia, built over the past three decades. The group is now selectively expanding its portfolio globally, targeting key international markets through a values-based investment approach—prioritising sustainability, cultural preservation, and long-term stewardship.
Nirmal Singh, Director of Lotus One Investment, commented: “Our group’s presence in Singapore spans over a decade, and we are proud to invest in a property that reflects the city’s heritage and character. Duxton Reserve is an iconic and rare asset that embodies cultural richness and architectural distinction values that align closely with our long-term philosophy. This acquisition is not only a strategic investment, but also a meaningful step in supporting the continued vitality of Singapore’s unique built environment. We also see this as the beginning of a long-term partnership strategy with the Garcha Group, built around shared values and a commitment to distinctive hospitality.”
Ling Wei Tan, Senior Vice President, Investment Sales, JLL Hotels & Hospitality Group, Singapore commented: “JLL is delighted to have advised the Garcha Group on the sale of Duxton Reserve Singapore. The sale campaign attracted strong investor interest due to the high-quality and unique nature of this asset. The enthusiastic response underscores the growing appeal of boutique heritage properties - particularly those converted from shophouses - which are increasingly sought after for their strong capital appreciation and potential for stable returns.”
Lighthouse Canton acted as portfolio advisor to Lotus One Investment, assisting the investor to evaluate the opportunity as part of its broader portfolio strategy. The engagement reflects Lighthouse Canton’s strong alignment with client objectives, deep understanding of investor priorities, and robust origination network across key sectors.
Media CoverageAmrit Singh, Board Member and Global Head of Key Clients and Institutions at Lighthouse Canton, commented: “Our role in this transaction reflects Lighthouse Canton’s commitment to supporting sophisticated key clients, families, and institutions across the full lifecycle of wealth management, from the origination of niche investment opportunities to long-term stewardship and succession. We are proud to partner with those who share our vision for meaningful, enduring value creation.”
