Goldman Sachs acquires Casa Cook and Cook’s Club brands
Ilaria Grasso MacolaBanking giant Goldman Sachs has acquired former Thomas Cook hotel brands Casa Cook and Cook’s Club for an undisclosed sum.
FTC Hotels, the company behind the 16 franchised properties across the Mediterranean and Read Sea, said the investment bank’s backing would accelerate the brands’ expansion in Europe "while remaining loyal to the brands’ founding ethos".
“The investment by Goldman Sachs is a testament to the strength of our brands and unique proposition in the growing lifestyle resort market segment,” said Casa Cook and Cook’s Club managing director Alessandro Dassi.
Dassi’s comments were echoed by Nabil Aquedim, managing director at Goldman Sachs Asset Management, who said the investment aligned with the bank’s “strategy to build a portfolio of differentiated hotels and resorts across the Mediterranean".
Originally conceived by Thomas Cook before the company’s collapse in 2019, Casa Cook comprises three adults-only boutique hotels in Greece – in Mykonos, Samos and Rhodes – and two in Egypt.
Cook’s Club, meanwhile, has expanded to 11 properties across Turkey, Greece, Egypt Spain and Bulgaria since first launching in the summer of 2018. The brand made the headlines last month when it opened its latest hotel, Cook’s Club Calvia Beach, in Majorca.
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