Orient-Express to Acquire Pansea Hotels Group
Friday, April 13th, 2007 by baliwww.comOrient-Express Hotels has announced that it has reached agreement to accelerate its planned acquisition of the Pansea group of hotels in South East Asia.
Orient-Express Hotels’ relationship with Pansea dates back to 2004 when Orient-Express invested funds to assist the original owners with the development of the business. The structure of the deal allowed for Orient-Express Hotels to acquire 100 per cent of Pansea after five years, in 2009.
There are six Pansea Orient-Express hotels. They are La Résidence Phou Vao in Luang Prabang, the ancient royal capital of Laos; The Governor’s Residence in Rangoon, Burma, a former palace; La Résidence d’Angkor in Siem Reap, Cambodia, close to the famous temples of Ankor Wat; Napasai in Koh Samui on the Gulf of Siam in Thailand; and Bali, Indonesia where there are two hotels, Jimbaran Puri Bali in an exceptional beach location and the other, Ubud Hanging Gardens, on the spectacular Ayung river gorge.
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