Half the debt is in the joint venture, which includes seven of the 13 international hotels in the Rocco Forte Collection, including Brown’s in London.
Forte told The Herald: “Part of our hotels business is in joint venture with Bank of Scotland.
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Lloyds Banking Group expected to disinvest from Forte hotels
Lloyds Banking Group is expected to withdraw from its joint venture with Sir Rocco Forte’s hotel company, which owes the bank £300m.
