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NEWS
GOCO and Fullerton Fund Management collaborate on wellness investment, reveals Ingo Schweder
POSTED 01 Feb 2024 . BY Megan Whitby
GOCO founder and CEO Ingo Schweder says the company is looking to explore opportunities in Indonesia, Thailand, the Maldives, Switzerland, Saudi Arabia, India and Germany Credit: GOCO Hospitality
GOCO Hospitality has announced a new collaboration with Singapore-based investment firm Fullerton Fund Management to buy and manage wellness assets
Fullerton has also bought a minority share in GOCO Hospitality Holdings Thailand
GOCO CEO, Ingo Schweder, says the new deal will help both explore new opportunities in the Asia-Pacific region
GOCO expects to deploy capital from Fullerton to acquire assets over the next 18 to 24 months
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.

GOCO is a global wellness consulting, development and management company and its new acquisition plan will target a range of value-creation strategies, including financially distressed properties, value-added renovations, rebranding and wellness-focused repositioning.

Speaking exclusively to Spa Business, GOCO founder and CEO, Ingo Schweder, revealed that Fullerton has also bought a minority share in GOCO Hospitality Holdings Thailand.

GOCO expects to deploy investment capital from Fullerton over the next 18 to 24 months, focusing on acquiring strategic assets in the Asia-Pacific region.

Tan Huck Khim, Fullerton’s deputy CIO and head of alternatives, 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.”

Schweder added: “Fullerton makes a great partner, as we have a mutual understanding of the need to develop and further democratise wellness destinations in the Asia-Pacific region and beyond.

“We look forward to potential collaborative opportunities in Indonesia, Thailand and the Maldives and also outside the region, in Switzerland, Saudi Arabia, India and Germany.”

Schweder says the collaboration with Fullerton corroborates the increasing interest and demand in wellness-focused hospitality developments, as supported by the Global Wellness Institute's latest report which states that the global wellness economy was worth US$5.61 trillion (£4.4 trillion, €5.2 trillion) in 2022 and is projected to reach US$8.47 trillion (£6.7 trillion, €7.8 trillion) by 2027.

The research predicts an average annual growth rate of 17.4 per cent for the Wellness Real Estate sector between 2022 and 2027.

More about Fullerton and GOCO
Headquartered in Singapore, Fullerton is part of Seviora – an independent asset management group owned by Temasek, a global investment company with a portfolio of US$300 billion (£236.6 billion, €277.6 billion) invested in strategic assets.

Since its inception in 2008, GOCO has conceptualised more than 220 health, fitness and sustainable wellness projects. Its team of wellness and hospitality specialists consult with established hospitality brands, private investors and sovereign funds.

In addition to its consultancy work, GOCO owns and operates Glen Ivy Hot Springs, founded in 1860 and one of the oldest hot springs resorts 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, regenerating the facilities and offerings.
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  Nicholas Clayton joins GOCO Hospitality as president of new GOCO America division


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Generation Z (Gen Z) has been cited as the next big generation of consumers that the wellness industry needs to target, but how should spas appeal to their new lifestyle which is more ‘switched on’ and ‘fast-paced’ than previous generations?
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Maui's Wailea Resort lifts curtain on new US$55m moon-inspired open-air spa
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Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
NEWS
GOCO and Fullerton Fund Management collaborate on wellness investment, reveals Ingo Schweder
POSTED 01 Feb 2024 . BY Megan Whitby
GOCO founder and CEO Ingo Schweder says the company is looking to explore opportunities in Indonesia, Thailand, the Maldives, Switzerland, Saudi Arabia, India and Germany Credit: GOCO Hospitality
GOCO Hospitality has announced a new collaboration with Singapore-based investment firm Fullerton Fund Management to buy and manage wellness assets
Fullerton has also bought a minority share in GOCO Hospitality Holdings Thailand
GOCO CEO, Ingo Schweder, says the new deal will help both explore new opportunities in the Asia-Pacific region
GOCO expects to deploy capital from Fullerton to acquire assets over the next 18 to 24 months
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.

GOCO is a global wellness consulting, development and management company and its new acquisition plan will target a range of value-creation strategies, including financially distressed properties, value-added renovations, rebranding and wellness-focused repositioning.

Speaking exclusively to Spa Business, GOCO founder and CEO, Ingo Schweder, revealed that Fullerton has also bought a minority share in GOCO Hospitality Holdings Thailand.

GOCO expects to deploy investment capital from Fullerton over the next 18 to 24 months, focusing on acquiring strategic assets in the Asia-Pacific region.

Tan Huck Khim, Fullerton’s deputy CIO and head of alternatives, 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.”

Schweder added: “Fullerton makes a great partner, as we have a mutual understanding of the need to develop and further democratise wellness destinations in the Asia-Pacific region and beyond.

“We look forward to potential collaborative opportunities in Indonesia, Thailand and the Maldives and also outside the region, in Switzerland, Saudi Arabia, India and Germany.”

Schweder says the collaboration with Fullerton corroborates the increasing interest and demand in wellness-focused hospitality developments, as supported by the Global Wellness Institute's latest report which states that the global wellness economy was worth US$5.61 trillion (£4.4 trillion, €5.2 trillion) in 2022 and is projected to reach US$8.47 trillion (£6.7 trillion, €7.8 trillion) by 2027.

The research predicts an average annual growth rate of 17.4 per cent for the Wellness Real Estate sector between 2022 and 2027.

More about Fullerton and GOCO
Headquartered in Singapore, Fullerton is part of Seviora – an independent asset management group owned by Temasek, a global investment company with a portfolio of US$300 billion (£236.6 billion, €277.6 billion) invested in strategic assets.

Since its inception in 2008, GOCO has conceptualised more than 220 health, fitness and sustainable wellness projects. Its team of wellness and hospitality specialists consult with established hospitality brands, private investors and sovereign funds.

In addition to its consultancy work, GOCO owns and operates Glen Ivy Hot Springs, founded in 1860 and one of the oldest hot springs resorts 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, regenerating the facilities and offerings.
RELATED STORIES
Nicholas Clayton joins GOCO Hospitality as president of new GOCO America division


GOCO Hospitality, global wellness consulting, development and management company, has appointed seasoned hospitality executive Nicholas Clayton as president of its recently-launched GOCO America divison.
How can the wellness industry attract Gen Z consumers?


Generation Z (Gen Z) has been cited as the next big generation of consumers that the wellness industry needs to target, but how should spas appeal to their new lifestyle which is more ‘switched on’ and ‘fast-paced’ than previous generations?
FEATURE: News report: Growth & vitality


The new Kepos by GOCO spa has opened at Daios Cove. Jane Kitchen went to Crete to investigate
FEATURE: Industry insights: Gen Zen


Ingo Schweder analyses how to attract the health-conscious but stressed Gen Z
MORE NEWS
WTTC’s Hotel Sustainability Basics verification surpasses 1,700 properties
The World Travel & Tourism Council's Hotel Sustainability Basics verification has achieved a significant milestone, with over 1,700 hotels verified across 70 countries.
Kerzner shows confidence in its Siro wellness hotel concept, revealing plans to open 100
Following the launch of its Siro wellness hotel brand, in the form of Siro One Za’abeel in Dubai, Kerzner International has revealed it plans to create a global chain of properties under the brand.
Maui's Wailea Resort lifts curtain on new US$55m moon-inspired open-air spa
Maui’s iconic Grand Wailea, A Waldorf Astoria Resort has announced the opening of its highly anticipated Kilolani Spa, an all-new luxury wellness retreat inspired by Hawaii’s natural beauty.
SHA Wellness receives top accolade at 2024 World Spa and Wellness Awards
Eight of the world’s leading spa operations were honoured at the annual World Spa and Wellness Awards during a glamorous ceremony held in London over the weekend.
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FEATURED SUPPLIERS

The art of bespoke beauty: AMRA Skincare's tailored elegance transcends luxury at destinations around the world
Amra Skincare, a prominent example of bespoke treatment creation, crafts transcendent spa experiences that seamlessly intertwine with the essence of its collaborations. [more...]

Natural Beauty Expo returns to London in April
Mark your calendars for the return of the highly anticipated Natural Beauty Expo at ExCeL, London, from 14-15 April. [more...]
+ More featured suppliers  
COMPANY PROFILES
Living Earth Crafts

For 50 years, LEC has been manufacturing award-winning spa equipment for the world’s finest spas an [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

03-05 Mar 2024

IBS New York

Javits Convention Center, New York, United States
20-20 Mar 2024

Global Massage Makes Me Happy & Healthy Day

Virtual, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS