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GOCO and Fullerton Fund Management collaborate on wellness investment, reveals Ingo Schweder
By Megan Whitby 01 Feb 2024
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.


News
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24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022. This data stems from ... More
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Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new research. Researchers found that even a simple daily reminder encouraged people to move ... More
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Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant Hudson Valley and founded in 1869, Mohonk is a historic Victorian ... More
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We Work Well Events
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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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Immediate rewards can motivate people to exercise, finds new research
Short-term incentives for exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity according to new research.
Shannon Malave appointed spa director at Mohonk Mountain House
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House.
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection.
US named world’s largest wellness economy, reaching US$1.8 trillion valuation
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion.
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28-30 Apr 2024

Spa Life Scotland

Radisson Blu Hotel, Glasgow,
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