Rocco Forte
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Sir Rocco Forte is a well-known British hotelier.
He went to St. Philip's School in London as a child and he is the son of Lord Forte from whom he took over as CEO of the Forte Group in 1982.
Lord Forte passed full control to Forte in 1993, but soon the Forte Group was faced with a hostile takeover bid from Gerry Robinson's Granada. Ultimately, Granada succeeded with a £3.8 billion tender offer in August 1995, which left the family with around £350 million in cash.
In 2003, following the de-merger of Compass Group from Granada's media interests, the use of the Forte trademark was returned to Forte in a gesture intended to dispel the bitter legacy of the takeover.
After the takeover, Forte set up his own chain of hotels -Rocco Forte Hotels. He bought the Balmoral Hotel, Edinburgh and Brown's Hotel, London for £51.5m. The Rocco Forte Hotels group now operates 11 luxurious hotels around Europe, with three more to open within the period 2007-2008. ([1]).
Forte's family wealth in 2006 was listed as £385,000,000 ([2]).
[edit] External Links
- Rocco Forte Hotels
- "The Return of Rocco", Total Business
- "Rocco Forte Revealed", CNN
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