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Money Morals: What should I charge a friend to rent my spare room? Should I pay off my student loan before applying for a mortgage? Hotelier Sir Rocco Forte saw profits at his international hotel group more than treble during the last financial year. Forte said trading had taken off due to the improvement in the global economy and strong demand from the leisure sector. Family, was founded by Forte, 70, and his sister, Olga Polizzi.
It owns or leases eight hotels across Europe including Brown’s Hotel in London, The Balmoral Hotel in Edinburgh and the Hotel de Russie in Rome. 60million from the Italian state-backed fund Fondo Strategico Italiano in exchange for a 23 per cent stake and also signed a new funding facility with Bank of Scotland. 4million, due in part to the sale of an investment property in London. Forte said recently that he wants his company to double in size in the next five years. No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards.
We are no longer accepting comments on this article. When is a good time to start investing – and how can you cut the risks? Where are the best places to invest in 2018 – and will UK shares be one of them? As house prices slow and tax hikes bite, is buy-to-let still worth doing? Why I’m ditching these lousy fund managers who can’t even beat a robot! Why are banks making it so easy for fraudsters to open accounts?
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