The extra-luxury hotels of the Rocco Forte Group will henceforth speak very Arabic: the Saudi Arabian public investment fund has in fact bought 49 percent of the shares of the group, which boasts hotels in half of Europe, including several in Italy.
The extra-luxury hotel chain Rocco Forte in half of Europe will also speak a little Arabic. In fact, a financial operation that began last spring ( Il Sole 24 Ore reported on it) is underway and is seeing its conclusion with the purchase by the Kingdom of Saudi Arabia’s sovereign fund, Pif – Public Investment Found (a fund with estimated assets under management of more than $700 billion), of 49 percent of the company of Sir Rocco Forte, the Italo-Englishman (with dual citizenship, Italian and British) who has linked his name to…