Goldman Sachs Acquires FTC’s Collection of Luxury Hotels

Goldman Sachs Asset Management has successfully acquired FTC Hotels, the proprietor of esteemed lifestyle brands Casa Cook and Cook’s Club, for an undisclosed amount. This strategic acquisition marks a significant milestone for Goldman Sachs, as it takes the helm of a renowned collection of luxury lifestyle hotels.

FTC Hotels, known for its visionary approach, operates 16 franchised properties situated in some of the most sought-after beachfront and sunny locations in the Mediterranean and Red Sea regions. With the investment from Goldman Sachs, these properties are set for expansion across Europe while maintaining their core philosophy of creating unique and captivating retreats characterized by luxe-minimalist design and a serene atmosphere.

Casa Cook, a brand celebrated for its boutique resorts, caters to a modern generation of travelers. Each Casa Cook hotel boasts a distinctive charm, innovative architecture, custom-designed interiors, and location-specific features. Since the launch of Casa Cook Rhodes in 2016, the brand has expanded to include three additional properties in Greece and two in Egypt.

Cook’s Club, targeting millennials and urban enthusiasts, offers memorable experiences across its 11 locations in Turkey, Greece, Egypt, Spain, and Bulgaria. The brand is distinguished by its exceptional cuisine, live DJ performances, and contemporary design, making it a favorite among cosmopolitan travelers.

Alessandro Dassi, who oversees both Casa Cook and Cook’s Club, views the partnership with Goldman Sachs as a transformative opportunity to elevate the holiday experience for their guests. He expressed confidence that this collaboration would enhance the brands’ offerings and strengthen their position in the lifestyle resort market.

Nabil Aquedim, Managing Director at Goldman Sachs Asset Management, echoed Dassi’s optimism, highlighting the investment’s potential to develop a diverse portfolio of Mediterranean hotels and resorts. Aquedim expressed enthusiasm for working closely with the FTC team to accelerate the growth of these established brands across Europe. He stated, “This investment aligns perfectly with our vision to create a portfolio of unique hotels and resorts across the Mediterranean. We are excited to collaborate with Alessandro and his team to cultivate and expand these brands across Europe.”

This acquisition underscores the dynamism and adaptability of the luxury hospitality sector. By integrating FTC Hotels into its real estate portfolio, Goldman Sachs not only validates the financial strength of the Casa Cook and Cook’s Club brands but also commits to enhancing the guest experience by preserving their distinctive ethos and charm.

Moreover, this move signals a promising future for the European luxury hotel industry, hinting at rapid growth and untapped opportunities. The partnership between Goldman Sachs and FTC Hotels is not merely an investment; it represents the convergence of two influential entities dedicated to fostering growth in the luxury hospitality landscape while maintaining their unique identities.

This synergistic collaboration is poised to redefine personalized luxury experiences, diversify European hospitality offerings, and pave the way for the future evolution of luxury lifestyle hotels.

For more information about Casa Cook, visit their official website. Similarly, to explore Cook’s Club offerings, you can visit their website.