Nepali-origin businessman Chandra Prakash (CP) Khetan, who is based in Singapore, has acquired the Duxton Reserve Singapore, a luxury boutique hotel. The deal was valued at 80 million Singapore dollars, equivalent to approximately Rs 8.44 billion, and was executed through Lotus One Investments, a Singapore-based investment firm.

The 49-room Duxton Reserve is part of Marriott International’s Autograph Collection, which features unique, independently-owned properties. According to international media reports, Lighthouse Canton, a Singapore-based global investment firm, served as the portfolio advisor to Lotus One Investments for the acquisition.

Originally restored and repositioned by The Garcha Group, the property was designed by renowned British designer Anouska Hempel and is recognized as one of Singapore’s most exclusive boutique hotels.

CP Khetan, a non-resident Nepali businessman, is the brother of Rajendra Khetan, a prominent industrialist in Nepal. In recent years, the Khetan Group has diversified its investments in both Nepal and Singapore. Notably, the group recently divested its stake in Gorkha Brewery, one of Nepal’s leading beer producers.

Lotus One Investments, which led the acquisition, has operated across Asia for over 30 years, focusing on consumer and strategic industries. It is now expanding its portfolio globally with a value-based investment approach that emphasizes sustainability, cultural preservation, and long-term stewardship.

Nirmal Singh, Director of Lotus One Investments, expressed pride in the acquisition, saying the Duxton Reserve exemplifies the heritage and character of Singapore. He added that the purchase is not just a strategic investment, but also a commitment to preserving the city’s distinctive built environment.