FTC Hotels, the owner of the two lifestyle brands Casa Cook and Cook’s Club, has been acquired by the Real Estate business within Goldman Sachs Asset Management for an undisclosed consideration.
The Casa Cook and Cook’s Club brands feature 16 franchised properties across prime sun and beach locations in the Mediterranean and Red Sea. The investment from Goldman Sachs Asset Management (Goldman Sachs) will accelerate expansion across European destinations while remaining loyal to the brand’s founding ethos of creating individual and unique places united by signature luxe-minimalist design and laid-back spirit.
Casa Cook is an eclectic collection of lifestyle boutique resorts catering for a growing generation of independent travellers. Each hotel has its own distinct personality where architecture, interior design, and individual offerings vary by location and hotel, yet common to all are low-key vibes and contemporary aesthetics.
Launched in 2016 with Casa Cook Rhodes, the Casa Cook collection features five properties, three in Greece (Mykonos, Samos, and Rhodes) and two in Egypt (El Gouna and North Coast).
Cook’s Club is a new, innovative hotel concept aimed at millennials and cosmopolites who prioritise good times and quality experiences with friends. The brand brings a touch of modern urban lifestyle, offering a more stripped-back experience across its 11 hotels in Turkey, Greece, Egypt, Spain, and Bulgaria.
The brand prides itself on offering outstanding cuisine, resident DJ live sets, and a sleek contemporary design.
Speaking on the acquisition, Alessandro Dassi, the brands’ 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 at 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”.
For more information on Casa Cook and its properties, please visit www.casacook.com, and for more information on Cook’s Club, please visit www.cooksclub.com.
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