Feb
05
    

Orient-Express Hotels Confirms Acquisition of Grand Hotel Timeo and Villa Sant’Andrea Plus Sale of Lilianfels Blue Mountains

05-02-2010 » Hotel industry news

Orient-Express Hotels Ltd. (NYSE: OEH), owner or part-owner and managers of 50 luxury hotels, restaurants, tourist trains and river cruise properties operating in 24 countries, today confirmed that it has completed its acquisition of Grand Hotel Timeo and Villa Sant\’Andrea in Taormina, Sicily from The Framon Group for a combined price of EUR81million (US$ 117 million)

More: continued here

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