The luxury hotel group is valued at around €1.3 billion
Informed sources told Bloomberg that the Saudi Public Investment Fund is in talks to buy a stake in Rocco Forte Hotels, with the aim of boosting its investments in the hospitality sector.
The value of the luxury hotel group is estimated at 1.3 billion euros, according to the sources.
The sources confirmed that the fund may buy a large minority stake in Rocco Forte Hotels, part of which is owned by a fund linked to the state-owned bank Cassa Depositi e Prestiti in Italy.
The hotel group’s co-founder and chairman, British businessman Rocco Forte, will retain a controlling stake in any deal, according to the sources.
Rocco Forte Hotels operates more than a dozen luxury hotels, resorts and villas, as well as a chain of fine dining restaurants.
