Indian Hotels may up bid for Orient-Express to over $15/shr, Times of India says Indian Hotels Company is working with an expanded lending consortium to increase its offer to acquire Orient-Express (OEH) by 10%-15%, according to The Times of India. The new offer could be more than $15 per share after Orient Express previously turned down a $12.63 per share bid. Reference Link
News For OEH From The Last 14 Days
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Orient-Express sees Q1 RevPAR growth for owned-hotels flat CEO John Scott said, "Based on our current forecast, we are projecting flat RevPAR growth for our owned hotels in Q1 but 4%-8% local currency RevPAR growth for FY14."