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Saudia Arabia’s PIF acquires 49 per cent stake in Rocco Forte Hotels – Business Traveller

5Dec

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Saudia Arabia’s PIF acquires 49 per cent stake in Rocco Forte Hotels – Business Traveller

Saudi Arabia’s Public Investment Fund has signed an agreement to take a 49 per cent stake in Rocco Forte Hotels, in a move which will see Italian company CDPE selling its stake in the hotel group. Rocco Forte Hotels was established in the 1990s by hotelier Sir Rocco Forte and his sister Olga Polizzi, and currently comprises 14 hotels and resorts and 20 private villas, with properties including Brown’s Hotel in London, The Charles Hotel in Munich, and The Balmoral in Edinburgh. The Forte family will retain majority ownership and control of the group, with Sir Rocco remaining as executive chairman and Olga as deputy chairman. Rocco Forte Hotels said that the investment “will include an element of primary equity which will accelerate the brand’s expansion in both existing and new global mar...

Hotel de la Ville, a Rocco Forte Hotel

1/14The lobby of Hotel de la Ville gives off a stylish impression. Walking through the lobby toward the reception desk, you'll notice the graphic patterned floor tiles and a table with a globe and other items.2/14We began our tour at the hotel's rooftop bar and restaurant, Cielo.3/14We believe that Cielo is one of the city's best rooftop options. The bar doesn't take reservations, but the restaurant does.4/14Rooms and suites feature plush furnishings, like velvet sofas and ornate mirrors.5/14The suites we toured have separate living areas and bedrooms outfitted in rich textiles and comfortable furniture.6/14The suites feature decorative items inspired by Roman art and architecture, like this replica statuette of the elephant statue by Bernini in the Piazza della Minerva near the Pantheon....

Hotel de Russie, a Rocco Forte Hotel

1/13We began our tour at the alfresco Stravinskij Bar in the Hotel de Russie's courtyard, a favorite spot for locals and visitors. We recommend you try the signature Stravinskij Spritz.2/13The restaurant, Le Jardin de Russie, is on the upper tier of the courtyard garden overlooking the Stravinskij Bar. Lauded chef Fulvio Pierangelini's signature dishes include ravioli cacio e pepe and spaghetti al pomodoro.3/13We continued through the beautiful garden, which extends several levels and has paths leading to quiet spots with water features and Mediterranean flora.4/13The garden was recently restored to the original design by architect Giuseppe Valadier, who also designed the nearby Piazza del Popolo.5/13The garden theme continues inside the restaurant, which features hand-painted frescoes by...