Orient-Express Hotels Backs out of Purchase

Posted on: March 5th, 2009 Posted by Stewart Perry

www.orient-expresshotels.com
Orient-Express Hotels has said that they are unable to complete the Donnell Library branch purchase from the New York Public Library. The committed purchase was to be for $59 million. Herb Scher, a spokesman for the library, said that they are evaluating a number of alternatives to make sure that Orient-Express Hotels honors [...]

www.preferredhotelgroup.com
Preferred Hotel Group and Dusit International have announced a pivotal partnership in service arrangements, creating a new business strategy. The new partnership will offer Preferred Hotel Group a bigger portfolio of hotels in the Middle East and Asia, which is where Dusit International has built a strong foundation. Also through the deal, Dusit [...]

www.gwsr.com
In celebration of their first 25 years of operation, Gloucestershire Warwickshire Railway is giving away free travel for under 25s on steam and diesel trains during the month of March, if they are traveling with another passenger who pays for their travel. Colin Fewell, a volunteer marketing manager for the line, said that there [...]

Orient-Express Hotels, the owner of river cruises, tourist trains, and hotels, announced a widened 4th quarter loss last Wednesday while revenue declined and the company booked an impairment charge. The shares of the company decreased by 3.5%, or 14 cents, closing at $3.86. The year before, their stock traded at $56.75; however, it [...]