The Rocco Forte Collection could consider create separate property and operating companies before seeking an investor for the property side, reports The Times.
The group has a strong freehold asset base although its financial security was threatened by a looming cashflow crisis that has been averted in a deal with HBOS. The bank has agreed to extend a £300m loan pending a long-term solution.
The hotel group is also believed to be in separate talks with UniCredito to refinance an extra £80m loan taken out to develop a Sicilian resort.
25/01/10 Times 38, 40
