Occidental Hotels & Resorts Concludes Debt Refinancing Plan

Occidental Hotels & Resorts has arranged for a long-term debt refinancing plan that will allow the company to launch an “intensive renovation and improvement plan of its hotels and resorts” according to company officials.

Upon completion of the refinancing, Occidental will focus on the development of its hotels in Aruba, Costa Rica, Colombia, Cuba, the Dominican Republic, Haiti and Mexico, where the company manages 17 hotels, 12 of which are owned by Occidental with the remaining five operated under management agreements.

Source: Travel Pulse, http://www.travelpulse.com/occidental-hotels-resorts-concludes-debt-refinancing-plan.html