US EditionNepal tycoon's family office acquires Duxton Reserve hotel in $80 mil landmark deal
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Nepal tycoon's family office acquires Duxton Reserve hotel in $80 mil landmark deal
Singapore-based niche luxury hotel owner and property developer Garcha Group has completed the sale of its 49-key boutique hotel, Duxton Reserve, for $80 million — translating to about $1.63 million per key. The buyer is Lotus One Investment Pte Ltd, the Singapore-based investment arm of Lotus Singapore, a family office established in 2016 by Chandra P. Khetan. He is the son of the late Mohan G. Khetan, one of Nepal’s wealthiest industrialists. …
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