Rocco Forte Hotels is planning to expand its brand across Europe and the Middle East after announcing a new partnership with Italian real estate investment firm Emerald Pine Capital.
The London-based upmarket hotel company currently has 15 properties in its portfolio with its latest outpost, The Carlton Milan, due to open on 6 November when it will become Rocco Forte’s second hotel in the Italian city.
The deal with Emerald Pine Capital will allow Rocco Forte to further expand into gateway cities and “high demand” leisure destinations, according to a statement.
Charles Forte, director of development at Rocco Forte Hotels, added: "I am pleased to be able to announce our partnership with Emerald Pine Capital and I am confident that their years of experience and strong reputation within the financial world will further fortify our existing team and our expansionary efforts in Europe and beyond.”
Rocco Forte’s properties include The Balmoral in Edinburgh, London’s Brown's Hotel, The Charles Hotel, Munich, and Hotel de Rome in Berlin, as well as three hotels in Rome.
Fabrizio Grena, founding partner and CEO of Emerald Pine Capital, said: "This collaboration reflects our shared commitment to quality and long-term value creation in the hospitality space.”