Rocco Forte Hotels Sells the St David's Hotel & Spa

Rocco Forte Hotels has agreed to sell The St David's Hotel & Spa in Cardiff to Principal Hotels for £32.5 million. Sale proceeds will be used to fund further expansion of the brand in Europe. Hotels already under development in Munich, Geneva and Prague, as well as a golf resort in Sicily, will open within the next year. Sir Rocco Forte has said that the original intention was to sell the business in Cardiff but to retain a management contract. However, the sale process attracted a premium bid from a company wishing to manage the hotel as part of its UK portfolio and it makes good sense for them to accept that bid and have extra resources available for their expansion program on mainland Europe. Visit [www.roccofortehotels.com].

Suggested Articles:

Global searches and air bookings to Europe are well below last year’s levels for July, down 67 percent and 72 percent, respectively. Learn more.

The project will combat tourism’s carbon footprint by working with local food producers and launching a carbon platform for tourists. Learn more here.

Emerald Waterways has opened the books on its 2021-22 Mekong River season, with four different itineraries and deals on Emerald Harmony cruises.