The deal will accelerate the lifestyle brand’s expansion across European destinations
Goldman Sachs acquires Casa Cook and Cook’s Club from Fosun
Goldman Sachs Asset Management has bought FTC Hotels, the lifestyle hotel franchise collection company which owns Casa Cook and Cook’s Club.
The deal was settled between the two companies for an undisclosed consideration, with the investment from Goldman Sachs to accelerate the brand’s expansion across European destinations.
Previously owned by Fosun Tourism Group, Casa Cook and Cook’s Club feature 16 franchised properties across prime sun and beach locations in the Mediterranean and Red Sea.
Casa Cook is a collection of lifestyle boutique resorts, while Cook’s Club is aimed at "millennials and cosmopolites who prioritise good times and quality experiences with friends”.
Alessandro Dassi, the brand's managing director, said: “This is an exciting time for both brands and is a move which will enable them to continue to improve the holiday experience of our guests.
The investment by Goldman Sachs is a testament to the strength of our brands and unique proposition in the growing lifestyle resort market segment.
Together we will further unlock business value and take the brands to the next level."
Nabil Aquedim, managing director of Goldman Sachs Asset Management, added: “This investment aligns with our strategy to build a portfolio of differentiated hotels and resorts across the Mediterranean.
“We look forward to working with Alessandro and his team to continue to grow the brands they created across Europe.”