Orient-Express Hotels (OEH) Sells Windsor Court Hotel for $44.25M
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Orient-Express Hotels Ltd. (NYSE: OEH) confirmed that it has concluded the sale of its New Orleans property, the Windsor Court Hotel, to The Berger Company, Inc. for $44.25 million.
The deal comes at 15 times 2007 EBITDA, and over 50 times 2008 EBITDA.
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