Orient-Express Buys Pansea Hotels

Orient-Express Hotels has acquired the Pansea Hotels group for $25 million. The deal, which was originally scheduled for 2009, will close in one month. Orient-Express is purchasing six Pansea properties in Southeast Asia and is contemplating buying additional hotels in Singapore, Hong Kong, Vietnam and China. Pansea's management will remain in place at the six hotels and at the head office in Bangkok.

Suggested Articles

More than half of France was placed on the second-highest alert level on the scale as very hot temperatures are predicted across continental Europe this week.…

Janssonius will have the same passenger capacity as Hondius (174), a nearly identical size and design, and will be a Polar Class 6 ice-strengthened vessel.…

OLS Hotels & Resorts is providing sales, marketing and revenue optimization services to Volcano House in Hawai'i Volcanoes National Park. Read more.