TCHI will this summer open its first new build project Casa Cook in Ibiza and has secured two rounds of funding totaling €91 million. The fund has been set up to help Thomas Cook accelerate its ambition of managing more of its own-brand hotels and is focused on investing in opportunities in Spain and around the Mediterranean.
TCHI was launched in March 2018 with five hotels, as a joint venture with hotel development company, LMEY and has previously agreed to acquire a 300-room hotel in the Balearics. The new additions take the total fund to 2,500 rooms including those under development. A pipeline of further hotel acquisitions has been identified in line with the intention for the fund to comprise 10-15 hotels by 2021.
Enric Noguer, Chief of Thomas Cook Hotels & Resorts said, «the speed with which we have been able to acquire this hotel is clear evidence of our intent to grow rapidly the fund’s portfolio. It also shows the flexibility of our eight hotel brands, allowing us to consider properties of varying shapes and sizes to create a hotel our customers will love».
Press Released by Thomas Cook