Saudi Sovereign Wealth Fund Eyes Destination Hotels
Posted on 03/07/2023
Bloomberg reports that Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a minority stake in Rocco Forte Hotels Ltd. This could include an ownership stake held by a fund linked to Italy’s state-owned lender Cassa Depositi e Prestiti (CDP). CDP acquired a 23% stake in Rocco Forte in 2014 for £60 million.…
