HAMILTON, Bermuda -- Orient Express Hotels bought the Observatory
Hotel in Sydney and the Lilianfels Hotel in the Blue Mountains of
Australia for a total of $40 million.
Orient Express is a subsidiary of Bermuda-based Sea Containers
Ltd.
The Nara Corp. of Yokohama, Japan, was the seller of the two
properties. The Observatory Hotel has 100 rooms, and the Lilianfels
Hotel has 86 rooms.
Orient-Express Hotels owns or manages 23 hotels, five luxury
tourist trains, one cruise ship and two restaurants.