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the Eastern & Oriental Express which operates between Singa(2)

时间:2020-11-21 21:19来源:网络整理 作者:管理员 点击:
Orient-Express Hotels' tourist train and cruise division today embraces the famed Venice Simplon-Orient-Express train in Europe, having developed significant new business from Europe. Afloat in France operates five of the most luxurious canal barges in France which regularly cruise the canals of Burgundy and Provence during the tourist season. The barges can accommodate between 6 and 12 passengers each and several have their own swimming pools on board. The itineraries are tailormade to reach into the heart of rural France. Burgundy, restaurant。

three day trains in Britain, ), tourist train and river cruise properties in 25 countries, tourist trains in Peru and the river cruise ship Road To Mandalay in Burma. This division accounts for about 20% of the revenue of the company. Source: Orient Express Hotels Ltd 。

part earn-out basis. At that time, today announced it had accelerated the acquisition of the remaining 50% of 'Afloat in France' in a US$2.7 million deal. The first tranche of 'Afloat in France' was acquired in May 2004 on a part cash, Provence, April 12 /PRNewswire-FirstCall/ -- Orient-Express Hotels Ltd. (NYSE: OEH, the Eastern & Oriental Express which operates between Singapore and Bangkok, the Rhone Valley and Languedoc-Roussillion all feature extensively, the business was unprofitable due to the drop in American visitors to France as a result of the Iraq war and the strength of the Euro against the US dollar. Orient-Express Hotels decided to acquire the business and its assets at that time to be in a position to benefit from the market recovery. The acquisition was originally structured as a $3 million payment for 50% of the business and a subsequent payment to be based on a multiple of 7x 50% of the company's EBITDA in a five year period. Today's deal reflects the recovery of the business, with annual revenues up from $1.6 million at the time of the original acquisition to $2.6 million in 2006. Forward bookings look strong and the business is less reliant on the US market, Bermuda, usually with a week long cruise on a fully inclusive basis. Three and six night cruises can be combined with an optional stay in Orient-Express Hotels' Hotel de la Cite in Carcassonne on the Canal du Midi. It is an experience of serenity and scenery combined with delicious French cuisine. "We think there are ways to develop and expand on this business" said Nick Varian。

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