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FITNESS, HEALTH, WELLNESS

Latest news

GOCO and Fullerton Fund Management collaborate on wellness investment, reveals Ingo Schweder

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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Latest news

GOCO and Fullerton Fund Management collaborate on wellness investment, reveals Ingo Schweder

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 news

Nicholas Clayton joins GOCO Hospitality as president of new GOCO America division

01 Feb 2023
GOCO Hospitality, global wellness consulting, development and management company, has appointed seasoned hospitality executive Nicholas ...

How can the wellness industry attract Gen Z consumers?

06 Jul 2022
Generation Z (Gen Z) has been cited as the next big generation of consumers that ...

Hervé Blondel joins Glen Ivy Hot Springs following US$2.5m renovation

18 Feb 2022
Southern California wellness destination Glen Ivy Hot Springs has announced the appointment of Hervé Blondel ...
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.
SAB,CAS,PHR
2024/THUMB352556_884239_738909.jpg

Latest news

Community Leisure UK (CLUK) and The Richmond Group of Charities have joined forces to support
Mental Health Swims has been awarded almost £18,000 of lottery money to extend its mission
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At the heart of the Sydney Swans new headquarters in Australia is an elite player-focused training facility by strength equipment specialist BLK BOX
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HCM promotional features
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Epassi, a provider of workplace wellness benefits, is creating a fitter and more productive workforce, one membership at a time 
HCM promotional features
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The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
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HCM magazine
We’re aiming to reach 50-70 gyms by mid-2027, some in supermarkets
HCM magazine
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HCM magazine
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Featured supplier news
Featured supplier news: THFI’s new online coaching course partners with FITR: launch your business confidently post-completion
In today's rapidly evolving fitness industry, where many online courses promise secret formulas for entrepreneurial success, the reality is that few provide the necessary knowledge to thrive in this fast-changing profession.
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The UK’s leading Ofqual-recognised awarding organisation for the physical activity sector, we offer over 100 ...
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Catalogue Gallery
Click on a catalogue to view it online
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ABC Trainerize press release: Holistic nutrition coaching: the key to your gym members’ wellness goals
A holistic approach to nutrition goes well beyond just counting calories or macros. It takes a 360-degree view of a person’s eating habits, lifestyle, and overall well-being. Ultimately, it’s about creating sustainable, healthy changes that your members can maintain whether they’re at home, at the gym, or away on holidays.
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Directory
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Snowroom
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Total Vibration Solutions / TVS Sports Surfaces: Flooring
Spa software
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Chiswick, Gillingham, York and Nottingham
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Diary dates
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