ROCCO
Forte Hotels has acquired its first property in London with the purchase of
Brown’s Hotel for £51.5 million.
The
deal reunites Sir Rocco Forte with one of the hotels he lost when his family’s
Forte chain was taken over by Granada in 1996.
He plans to spend around £11 million revamping the
Mayfair property, adding extra bedrooms to the existing 118 guest rooms.
Refurbishments are expected to be complete by the end of 2004.