HBOS shores up Rocco Forte by extending loan | timesonline.co.uk

A cashflow crisis that threatened the financial security of the Rocco Forte Collection, the luxury hotel group owned by Sir Rocco Forte, has been averted after HBOS, part of Lloyds Banking Group, agreed to extend a £300 million loan pending a long-term solution, The Times has learnt. It is understood that the hotelier had to hold urgent talks with the bank last year after the downturn in trade put its joint venture with HBOS, encompassing seven...