HAMILTON, BERMUDA Orient-Express Hotels Ltd. has acquired the 81-room Miraflores Park Plaza Hotel in Lima, Peru and the 80-room Bora Bora Lagoon Resort in the Society Islands in the South Pacific, in separate transactions totalling $37 million. At an average cost of $230,000 per room, the company feels both properties have excellent earnings potential. A $2.5 million improvement program is planned for the Bora Bora property while the Lima property will receive $3 million in improvements. (1/17/01)
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