GOCO Hospitality collaborates with Fullerton Fund Management on wellness investment opportunities in the Asia Pacific region
Bangkok, 30 January 2024 – Wellness hospitality consultant GOCO Hospitality is collaborating with Fullerton Fund Management (Fullerton) to invest in wellness-centric properties in the Asia Pacific region, via the Fullerton Thai Private Equity fund. Fullerton is headquartered in Singapore and is part of Seviora, an independent asset management group, owned by Temasek, a global investment company with a portfolio of US$ 300 billion.
This collaboration further corroborates the increasing interest and demand in wellness-focused hospitality developments, as supported by the latest Wellness Economy report by the Global Wellness Institute (GWI) stating that the Global Wellness Economy reached $5.61 trillion in 2022 and is projected to reach $8.47 trillion in 2027 with a projected average annual growth rate of 17.4% for the Wellness Real Estate sector between 2022 and 2027.
GOCO Hospitality owns and operates Glen Ivy Hot Springs, the 1860-created and therewith oldest hot springs resort in California. Under GOCO’s management, all earnings have been reinvested into the historical resort to undertake a substantial range of upgrades and renovation projects, bringing Glen Ivy’s facilities and offerings back to its preeminent position.
GOCO’s team of wellness and hospitality experts are consulting with world-renowned hospitality brands, private investors, and sovereign funds alike. Since its inception in 2008, the group has conceptualised over 220 health, fitness, and sustainable wellness projects as well as earlier managed spa and wellness properties including SHA Wellness Clinic in Spain amongst several others.
GOCO acquisition targets a wide range of value-creation strategies, including financially distressed properties, value-added renovations, rebranding, and wellness-focused repositioning through its wellness expertise and superior management. GOCO expects to deploy the capital over the next 18 to 24 months in strategic new assets in the Asia Pacific region.
Fullerton Fund Management’s Deputy CIO and Head of Alternatives, Tan Huck Khim said: “The wellness sector has great potential in Asia and beyond, and investing in GOCO provides access to its potential long-term growth. GOCO is a leading player in this field, with an experienced founder and team, who are well-positioned to take advantage of the opportunities within this sector.”
Founder and CEO of GOCO Hospitality, Ingo Schweder said: “Fullerton Fund Management makes a great partner as there is a mutual understanding towards the need to develop and further democratize wellness destinations in the APAC region and beyond. We look forward to potential collaborative opportunities in Indonesia, Thailand, and the Maldives but also outside the region in Switzerland, the Kingdom of Saudi Arabia, India, and Germany.”
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For further information on this press release, please reach out to:
Ms. Cecile Nguyen
Director of Marketing
Cecile.Nguyen@gocohospitality.com
About GOCO Hospitality
GOCO Hospitality is a pioneering consultancy, development, and management company, that creates, designs, and operates tomorrow’s spa and wellness hospitality concepts. From initial market research through to concept development, design, and management, the company’s experienced research, creative, and operational teams collaborate closely with clients, to create innovative wellness solutions specially tailored to meet the demands of the location and target market.
GOCO Hospitality’s expert team of multidisciplinary professionals delivers unique results for a clientele ranging from individual boutique investors to global hospitality brands, private investors, and sovereign funds.
The company owns and manages Glen Ivy Hot Springs in Southern California, America’s oldest hot spring resort, and operates the multiple award-winning wellness hub Kēpos by GOCO at Daios Cove Luxury Resort & Villas in Crete, Greece.
For more information, please visit www.gocohospitality.com
