Tag: luxury hotel group

Rocco Forte sells 49% of luxury hotel chain to Saudi Arabia | Hospitality industry

Sir Rocco Forte has agreed to sell 49% of his family’s luxury hotel chain to Saudi Arabia’s sovereign wealth fund. Rocco Forte Hotels, which owns 14 upmarket hotels including Brown’s in London and the Balmoral in Edinburgh, announced on Monday that it had agreed to sell almost half of the company to Saudi Arabia’s Public Investment Fund in a deal that values the hotel group at about £ 1.2bn. Forte, who founded the hotel group with his sister Olga Polizzi in 1996, said PIF would be an “excellent partner” and help the company expand specifically in the Middle East. Rocco… Read More

Famille C Participations Invests €130 Million in Luxury Hotelier

Famille C Participations, the investment company owned by the Courtin family, announced on Tuesday that it has made a €130 million ($141 million) investment to acquire a strategic stake in luxury hotel brand Evok Collection. In addition to the family’s ownership of Clarins, Famille C has invested in Pai Skincare, Ilia Beauty, Ceremonia and Joone, as well as tech companies such as Launchmetrics. “We are very excited about this new commitment, which furthers our work in beauty and well being and embodies our ambition for the French art of living,” said Prisca Courtin, managing director of Famille C Participations, in… Read More