Fondo Strategico Italiano is taking a 23% stake in Rocco Forte Hotels for an investment of 60 millions pounds sterling to develop the hotel chain.
Rocco Forte Hotels, which currently operates 10 properties worldwide, mostly in Europe, is already in advanced negotiations to develop projects in the cities of Venice, Milan, Naples and Sicily. In addition to Italy, the hotel group plans to open another property in Jeddah, Saudi Arabia, next summer, and is currently involved in a project in Shanghai. The group is also interested in the cities of New York, Paris and Madrid.
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