NEW YORK (Bloomberg) — SAC Capital Advisors, the hedge fund company founded by Steven Cohen, boosted its stake in Orient-Express Hotels, the owner of Italy's Hotel Splendido and the 21 Club restaurant, to 5.6 percent.

The Stamford, Connecticut-based firm disclosed the holding today in a US regulatory filing. SAC Capital, which increased its stake of Orient-Express from less than one percent, also owned shares of Choice Hotels International, Host Hotels & Resorts, Starwood Hotels & Resorts Worldwide and Hilton Hotels as of September 30, it said in a previous filing.

Hilton was bought by Blackstone Group in October.

Hotel companies have attracted interest from buyout firms such as Blackstone and TPG because of their cash flow and real estate.

In October, Orient-Express, based in Hamilton, Bermuda, rejected a $2.55 billion takeover bid from Dubai Holding Commercial Operations Group.