Rocco Forte
Tourism

Rocco Forte

  • Status Active
  • CDP Equity Start of the investment 03/09/2015
  • CDP Equity Investment size £ 60 mln
  • CDP Equity Shareholding 23%
CDP Equity

Overview

The Rocco Forte Hotels Group is one of the main operators active in the management of 5-star luxury hotels and resorts, located mainly in European locations with a high tourist vocation. The Group manages a portfolio of 17 sites (including some imminent openings already contracted) amounting to a total of approx. 2,300 rooms. The Group as 8 sites (approx. 700 rooms) in Italy, located in Rome, Florence, Sicily and Puglia, and also in Milan from 2023. In particular, Italy is the biggest country in terms of turnover, with over 30% of the Group’s total revenue, which employs a total of approx. 2,300 employees, of which approx. 1,000 in Italy. The investment was made via the FSI Investimenti vehicle (77,12% owned by CDP Equity).

Rationale

CDP Equity’s investment happened entirely through a capital increase, it is aimed at supporting the Group’s growth and investments with particular reference to the Italian market, generating significant benefits, also in terms of employment.