Sixth Street and Rocco Forte Hotels are pleased to announce that Rocco Forte Hotels will operate a new luxury resort in Porto Cervo, Costa Smeralda, Sardinia. The new resort is being co-developed with Eidos Hotel Capital Partners who act as operating partner and asset manager for Sixth Street, which acquired the property in January 2022.
Formerly known as Hotel Le Palme …
… the complex is located in Liscia di Vacca, Porto Cervo, on the Costa Smeralda. Patrizia Pozzi and Efisio Onali designed the landscape and the architectural concept of the complex, while Patricia Urquiola was in charge of the interior design. Natural materials and local craftsmanship, combined with ESG principles, are the core values of development.
The hotel will include 64 rooms and suites, offering the highest standards of comfort in terms of space and service. Scheduled to open in 2024, the completely redeveloped resort by Rocco Forte Hotels will also offer guests a state-of-the-art spa and a choice of three restaurants, as well as a panoramic rooftop bar and meeting and event space.
The Porto Cervo luxury resort will complement the Rocco Forte collection of hotels in Rome, Florence, Sicily and Puglia, as well as the Carlton Milano and Rocco Forte House, due to open in Milan in 2024 .
Sixth Street
Sixth Street is an international investment firm managing approximately $65 billion in assets and committed capital. The company uses its flexible, long-term capital, data-driven capabilities, and “One Team” culture to develop themes and deliver solutions to businesses at all stages of growth.
Sixth Street’s European property team, based in London, works in partnership with property managers and institutional investors to acquire, finance, develop and provide asset management expertise across the property industry. For more information, visit www.sixthstreet.com
Saudi Arabia’s sovereign wealth fund reportedly interested in investing
For the past few weeks, as Bloomberg reports, Rocco Forte Hotels has been in advanced negotiations with Saudi Arabia’s sovereign public investment fund (PIF), chaired by Prince Mohammed bin Salman bin Abdulaziz, interested in acquiring a significant minority stake in the chain. hotelier.
Rocco Forte Hotels
Founded by Sir Rocco Forte and his sister Olga Polizzi in 1995, Rocco Forte Hotels brings together 14 luxury hotels and resorts with a unique character. All hotels are located in iconic locations, both historic and modern, consisting of magnificent buildings built on exceptional sites. Run by a family that has been active in the hotel business for four generations, these hotels are distinguished by a very special approach to service.
It guarantees visitors to experience the best of their destination and its surroundings. Rocco Forte Hotels is: the Hotel de la Ville, the Hotel de Russie and the Rocco Forte House in Rome, the Hotel Savoy in Florence, the Verdura Resort and its private villas as well as the Villa Igiea in Sicily, Masseria Torre Maizza in Puglia, Balmoral in Edinburgh, Brown’s Hotel in London, Charles Hotel in Munich, Hotel de Rome in Berlin, Hotel Amigo in Brussels and Hotel Astoria in Saint Petersburg. Next openings in date: the Carlton in Milan in 2023 and Rocco Forte House in Milan in 2023.
Eidos Hotel Capital Partners
Eidos Hotel Capital Partners is a Milan-based hotel asset management and advisory firm, whose partners have developed and operated Italian hotel investments worth over €500 million over the years. Eidos Hotel Capital Partners’ expertise lies in medium and large-scale hotel developments in Italy.
