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Orient-Express Hotels Ltd.
OEH
today announced several actions reflecting the Company's strategy to increase
the earnings power of its properties, optimize its unique portfolio of luxury
travel assets, and further strengthen its balance sheet. The Company is
selling two non-strategic properties for a total of $45.0 million in cash, has
re-opened the main building of Copacabana Palace in Rio de Janeiro after an
extensive renovation, and has announced plans to commence significant
renovations at two of its top-performing properties.
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