Thomas Cook : 29 March 2019 Thomas Cook has signed a franchise agreement with Hotel Sa Torre in Mallorca

Thomas Cook has signed a franchise agreement with Hotel Sa Torre in Mallorca

March 29, 2019

Thomas Cook has signed a franchise agreement for the opening of a rustic Casa Cook with Hotel Sa Torre in Mallorca. The hotel belongs and is operated by HI Partners (a company owned by The Blackstone Group)

The hotel, which includes a 15^th century windmill and a private Neogothic chapel, will undergo a major refurbishment to reflect Casa Cook's award-winning laidback, luxury design ethos to target an opening later this year.

Thomas Cook will open a further 20 new own-brand hotels this year, including three other Casa Cook properties in Ibiza, Chania and El Gouna, Egypt.

Enric Noguer, chief of Thomas Cook Hotels & Resorts, said:

'Mallorca remains our most popular holiday destination and bringing our most important hotel brand to the island is a major step forward for us in continuing to develop a successful hotel division within Thomas Cook.

We are excited about the new opportunities that the agreement with HI Partners opens up and we look forward to working with Hi Partners to identify and collaborate on further projects in the coming months.'

Thomas Cook Hotels & Resorts is the hotel division of Thomas Cook Group and has nearly 200 hotels across its eight own brands. With more than 40,000 rooms in 47 destinations around the world, it is one of the world's top 40 hotel companies.

About HIP

Hotel Investment Partners is a leading leisure real estate company in Spain owning 62 hotels comprising more than 17,000 rooms. The hotels are predominantly operated under management contracts with strong national and international operators including Ritz-Carlton, AC Marriott, Lopesan, and Meliá, amongst others. HI Partners has an 80 people experienced and unique team in Europe with an outstanding track record in the hospitality sector

About Blackstone Real Estate

Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has approximately $111 billion in investor capital under management. Blackstone's real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major holdings include Hilton Worldwide, Invitation Homes (single family homes) and prime office buildings in the world's major cities. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust.

About Thomas Cook Group

Thomas Cook Group plc. is one of the world's leading leisure travel groups, with sales of £9.6 billion in the year ended 30 September 2018. It is supported by 21,000 employees and has 200 own-brand hotels. It operates from 16 source markets and serves over 22 million customers annually. Thomas Cook Group plc's shares are listed on the London Stock Exchange (TCG).