News for the Hospitality Executive |
![]() Paul White, President and Chief Executive Officer of Orient-Express Hotels said, "This is further execution of our ongoing strategy to dispose of non-core businesses and brings the total proceeds realized in 2009 to over $105 million. We are delighted that this transaction, which represents 17 times the hotel's 2007 EBITDA and 23 times its 2008 EBITDA, once again underlines the value of properties in the Orient-Express portfolio." Orient-Express Hotels will continue to operate the hotel until the transaction closes, which is expected to be late January 2010. |
Contact: Martin O'Grady, Vice President, Chief Financial Officer, Tel: +44-20-7921-4038, E: [email protected] |
Also
See: |
Orient-Express
Hotels, Subsidiary of Sea Containers Ltd. Acquires two Australian
Hotels for US$40 million / Mar 2000 |