United Kingdom
United States
Asia Pacific
Two Rocco Forte hotels to be sold to fund expansion
Thursday, 19 Dec, 2006
0
The Lowry Hotel in Manchester and The St David’s Hotel & Spa, Cardiff are being offered for sale by Rocco Forte Hotels.
Both properties will be offered with long-term management contracts with Rocco Forte Hotels in a sale and lease-back arrangement.
None of the luxury company’s 10 other hotels will be affected by the sales.
Chairman and chief executive Sir Rocco Forte said: “These sale and manage-back transactions will allow us to continue to build on the success of The Lowry Hotel and The St David’s Hotel & Spa, while freeing up funds for our continued expansion on mainland Europe.”
The hotels are being marketed from the New Year.
Report by Phil Davies
Phil Davies
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Boy falls to death on cruise ship
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel