GOCO Hospitality signs big deal with Temasek fund to take advantage of the growth opportunities in the health and wellness space.
BANGKOK – Bangkok-based spa and wellness firm GOCO Hospitality has inked an “high eight figure” deal with Singapore PE firm Temasek and its $49 billion Fullerton Fund Management to explore acquisition and joint ownership of new hospitality assets.
GOCO Hospitality Founder and CEO Ingo Schweder exclusively told Hotel Investment Today that the new partners will soon announce two resort acquisitions in key travel destinations within Southeast Asia. The first high-end wellness retreat deal in Asia Pacific will be announced on February 9 with an asset that has 80 rooms, 18 pool villas, 30 rooms with direct pool access, four F&B outlets, 5,000 sq meters of indoor wellness facilities with additional outdoor settings. The second deal is set to be announced toward the end of March, according to Schweder.
