December 30, 2009 (FinancialWire) — Orient-Express Hotels Ltd. (NYSE: OEH) said it has agreed to buy an existing hotel in the Sacred Valley of the Incas, the company’s fifth property in Peru.

The 21 suite property, which opened in April 2009, has been acquired from Industrias Turistica Vagamundos SAC by Orient-Express Hotels’ joint venture company, Peru OEH SA for $7 million, funded from POEH cash reserves plus long term debt of $2.5 million.

Orient-Express Hotels owns or is part-owner and manager of 49 luxury hotel, restaurant, tourist train and river cruise properties operating in 25 countries.

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