RIVIERA MAYA, Mexico -- Orient-Express Hotels acquired a 75%
interest in the Maroma Resort and Spa here.
Orient-Express said it paid approximately $7.5 million for its
interest in the 57-room resort, its first property in Mexico.
The firm said it assumed management of the resort and will
invest about $2 million this year in infrastructure improvements
and to complete the property's room expansion.
Jose Luis Moreno, the resort's architect, will own the 25%
minority interest and will supervise the expansion.
Orient-Express chairman James Sherwood said the company had been
seeking a resort in Mexico that met the company's standards for
many years.
He described Maroma as "having exceptional amenities besides a
beach, [including] substantial expansion potential at low cost and
convenient access."
For information, call (800) 237-1236 or visit www.orient-expresshotels.com.