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Occidental Hotels & Resorts Refinances Debt and Embarks on a Refurbishment Investment Plan

June 10, 2013

MADRID, SPAIN--(Marketwired - Jun 10, 2013) - Occidental Hotels & Resorts has concluded its long-term debt refinancing process through an agreement with 10 Spanish and international entities, which have endorsed the company's 2012-2016 business plan following months of negotiations.The refinancing process has been conducted by financial advisors of the firm IREA, this new strategic financial plan will allow the Company to refinance its debt, and initiate a significant renovation and improvement plan of its hotels and resorts.

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