• Rocco Forte sells Le Richemond

Rocco Forte and Family has sold Le Richemond Hotel in Geneva to an investment-holding company represented by Cedar Capital Partners for a reported £100m.

The Rocco Forte Collection will continue to operate the hotel under a management contract until at least the summer of next year, with a potential longer-term management relationship being subject to discussion and agreement between the parties. The proceeds from the sale will be used to repay debt.

See the full release here:
http://www.cedarcp.com/press.html

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