At what enterprise value was ROCCO FORTE HOTELS acquired in 2023?

During the acquisition of ROCCO FORTE HOTELS by PUBLIC INVESTMENT FUND PIF in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ROCCO FORTE HOTELS when it was acquired by PUBLIC INVESTMENT FUND PIF?

The estimated EV/EBITDA multiple for ROCCO FORTE HOTELS is in the range of 15x - 25x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was ROCCO FORTE HOTELS acquired by PUBLIC INVESTMENT FUND PIF?

ROCCO FORTE HOTELS was acquired by PUBLIC INVESTMENT FUND PIF in 2023.

What was the revenue of ROCCO FORTE HOTELS at the time of the deal?

The revenue of ROCCO FORTE HOTELS at the time of the deal is estimated to be in the range of 250M - 500M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ROCCO FORTE HOTELS during the acquisition?

ROCCO FORTE HOTELS's EBITDA is estimated to be in the range of 50M - 100M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ROCCO FORTE HOTELS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ROCCO FORTE HOTELS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://press.roccofortehotels.com/pif-enters-into-definitive-agreement-to-acquire-significant-minority-stake-in-rocco-forte-hotels/?lang=en

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Home Database Retail & ConsumerROCCO FORTE HOTELS

12/2023

PUBLIC INVESTMENT FUND PIF invests in ROCCO FORTE HOTELS

UNITED KINGDOM Hospitality & Leisure / Hospitality / Hotels & Accommodation EV 1b - 4b GBP

Context

The Public Investment Fund (PIF) has acquired a 49% stake in Rocco Forte Hotels, valuing the group at £1.4 billion. This transaction marks the PIF's entry into the luxury hospitality sector and reflects the fund's confidence in the commercial opportunities and strength of the international hospitality and tourism sectors. The PIF plans to invest tens of millions of pounds in the group to double the size of its hotel portfolio over the next five years, with openings planned in the Middle East, Italy, and the United States. This acquisition is the latest in a series of investments by the PIF in the luxury hospitality sector, aimed at diversifying the economy of Saudi Arabia and promoting tourism development in the country.

ROCCO FORTE HOTELS, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level as high as the average currently observed in the Retail & Consumer sector (10.9x).

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Target

Rocco Forte Hotels is a luxury hospitality group focused on the ownership, management and development of high-end hotels and resorts across Europe and selected international destinations. Founded by Sir Rocco Forte and his family, the company has established itself as one of the leading independent operators in the luxury hospitality sector, with a portfolio centred on landmark city hotels, destination resorts and premium residential hospitality assets. Rocco Forte Hotels leverages a recognised brand, long-standing hospitality expertise and an operating model focused on service quality, personalised guest experiences and the optimisation of premium hospitality assets. The company continues to pursue a selective expansion strategy aimed at strengthening its presence across major global luxury travel destinations, particularly in Europe, the Middle East and North America. Operating in a fragmented market undergoing continued consolidation, Rocco Forte Hotels occupies a distinctive position as an independent luxury hospitality platform combining strong brand heritage, operational expertise and the ability to develop and manage premium hotel assets across multiple geographies.

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2022

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REFERENCES

Valuation range: EV 1b - 4b GBP

Revenue range: 250M - 500M GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ROCCO FORTE HOTELS by PUBLIC INVESTMENT FUND PIF are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: rocco forte hotels

Acquirer: public investment fund pif