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EMEA: Luxury group Rocco Forte Hotels has parted with investment and asset management firm Emerald Pine Capital to expand across Europe and the Middle East.
Together, Rocco Forte and Emerald Pine will pursue repositioning, value-add, and development opportunities in gateway cities and high-demand leisure destinations.
It will build on the current collection of 15 hotels, resorts, residences and villas across Europe. The Carlton Milan is due to open on 6 November, marking the second hotel in the city for the brand.
Charles Forte, director of development at Rocco Forte Hotels: “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.”
Fabrizio Grena, founding partner and CEO of Emerald Pine Capital: “As the luxury hospitality sector continues to evolve, we are delighted to partner with Rocco Forte to offer a distinctive combination of expertise and skill sets to our clients and partners. This collaboration reflects our shared commitment to quality and long-term value creation in the hospitality space. We look forward to working with aligned partners on this exciting journey.”
Highlights:
• Rocco Forte Hotels has entered into a strategic partnership with Emerald Pine Capital for Europe and Middle East expansion.
• Target locations include gateway cities and high-demand leisure destinations.
• The partnership aims for repositioning, value-add, and development opportunities.
• Rocco Forte’s current collection includes 15 luxury properties with The Carlton Milan opening later this year in November.
