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Belmond Limited

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Belmond Ltd.
FormerlyOrient-Express Hotels Ltd
Company typeSubsidiary
IndustryHospitality
HeadquartersHamilton, Bermuda[1]
Key people
Roeland Vos (CEO)
Dan Ruff (COO)
ServicesHotels, trains, cruises, restaurants
RevenueIncrease US$ 576.84 million (2018)[2]
ParentLVMH
WebsiteBelmond.com

Belmond Ltd. (formerly Orient-Express Hotels Ltd) is a hospitality and leisure company that operates luxury hotels, train services and river cruises worldwide.[3] In 2015, the company had 35 deluxe hotels, 7 tourist trains, 3 river cruises and restaurants in 22 countries.

History

The company was founded in 1976 by the American entrepreneur James Sherwood with the acquisition of the Hotel Cipriani in Venice from the Guinness family for £900,000. James Sherwood then bought what was left of the legendary Orient Express train to restore it and offer rides from Paris and London to his hotel in Venice to wealthy clients,[4] thus the former name of the company. Much of the history of the company is documented in James Sherwood's memoir Orient Express: A Personal Journey.

On 10 March 2014, Orient-Express Hotels Ltd was renamed Belmond,[5][6][7][8] and on 1 July 2014, Belmond's holding company was also renamed Belmond Ltd.[9]

In April 2015, Belmond Limited partnered with Irish Rail to launch the luxury train Belmond Grand Hibernian in Ireland.[10] In July 2016, Indian Hotels Company Limited sold its 5.1% stake in Belmond, retaining only 0.44% of Belmond after the sale.[11]

In December 2018, the company agreed to be acquired by LVMH[12] in a $3.2billion transaction which closed in April 2019, thus delisting the company from the NYSE and making it 100% privately owned. The announcement of the sale led Belmond's share to increase by 40% in a single trading day.[13]

Properties

Hotels

Continent Country City Name
Europe Italy Venice Belmond Hotel Cipriani
Portofino Belmond Hotel Splendido
Belmond Splendido Mare
Florence Belmond Villa San Michele
Amalfi Coast Belmond Hotel Caruso
Sicily Belmond Villa Sant'Andrea
Belmond Grand Hotel Timeo
Spain Deia, Mallorca Belmond La Residencia
Portugal Madeira Belmond Reid's Palace
Russia St. Petersburg Belmond Grand Hotel Europe
England London Belmond Cadogan
Oxfordshire Belmond Le Manoir aux Quat'Saisons
North America United States Charleston, South Carolina Belmond Charleston Place
Santa Barbara, California Belmond El Encanto
St. Michaels, Maryland Inn at Perry Cabin by Belmond
French West Indies St. Martin Belmond La Samanna
Mexico Riviera Maya Belmond Maroma Resort & Spa
San Miguel de Allende Belmond Casa de Sierra Nevada
South America Brazil Rio de Janeiro Belmond Copacabana Palace
Iguassu Falls Belmond Hotel das Cataratas
Peru Lima Belmond Miraflores Park
Cusco Belmond Palacio Nazarenas[note 1]
Belmond Hotel Monasterio[note 1]
Machu Picchu Belmond Sanctuary Lodge[note 1]
Sacred Valley Belmond Hotel Rio Sagrado, Urubamba
Colca Canyon Belmond Las Casitas
Asia Indonesia Bali Belmond Jimbaran Puri
Thailand Koh Samui Belmond Napasai
Myanmar Yangon Belmond Governor's Residence
Laos Luang Prabang Belmond La Résidence Phou Vao
Cambodia Siem Reap Belmond La Résidence d'Angkor
Africa South Africa Cape Town Belmond Mount Nelson Hotel
Botswana Chobe National Park Belmond Savute Elephant Lodge
Moremi Game Reserve Belmond Khwai River Lodge
Okavango Delta Belmond Eagle Island Lodge

Transportation

Type Route Name
Sleeper trains London-Venice Venice Simplon-Orient-Express
Scotland Belmond Royal Scotsman
Ireland, Northern Ireland Belmond Grand Hibernian
Thailand, Malaysia, Singapore Eastern and Oriental Express
Peru Belmond Andean Explorer[note 2]
Day trains Great Britain Belmond British Pullman
Peru[note 3] Belmond Hiram Bingham
Sailboats France Belmond Afloat in France (five canal and river barges)
Irrawaddy River, Myanmar Belmond Road to Mandalay

Restaurants

Country City Name
United States New York City 21 Club
Charleston, South Carolina Charleston Grill
United Kingdom Oxfordshire The Restaurant at Belmond Le Manoir aux Quat’Saisons
Portugal Madeira William Restaurant
Italy Venice Oro Restaurant
Taormina Otto Geleng Restaurant
Brazil Rio de Janeiro Mee
Rio de Janeiro Ristorante Hotel Cipriani

See also

Notes and references

Notes

  1. ^ a b c All Cusco and Macchu Pichhu Hotels are a 50% Joint Venture with Peruvian shareholding company Peru Hotel Macchu Picchu SA (Peru Belmond Hotels SA)
  2. ^ (since May 2017) In 50% partnership with the Peruvian shareholder company Peruvian Trains and Railways SA
  3. ^ Belmond has a 50% interest in PeruRail.

References

  1. ^ Company 10-Q
  2. ^ "Belmond revenue". www.craft.co.
  3. ^ "Belmond Ltd. - SEC". Sec.gov. Retrieved 3 August 2017.
  4. ^ "Belmond's founder deserves his place in its history". Ft.com. 17 December 2018. Retrieved 22 December 2019.
  5. ^ "Interview: Behind Belmond's Rebrand of Iconic Orient-Express Name". Skift.com. 17 March 2014. Retrieved 14 November 2017.
  6. ^ Vora, Shivani. "Orient-Express Hotels Gets a New Name". Intransit.blogs.nytimes.com. Retrieved 14 November 2017.
  7. ^ "Log In". Wsj.com. Retrieved 14 November 2017.
  8. ^ "Bloomberg". Bloomberg.com. Retrieved 14 November 2017.
  9. ^ "Orient-Express Hotels Ltd. Changes Corporate Name to Belmond Ltd". Hotelnewsresource.com. Retrieved 14 November 2017.
  10. ^ Eoin Burke-Kennedy (22 April 2015). "'Orient Express' company Belmond jumps tracks to Ireland". Irishtimes.com. Retrieved 22 December 2019.
  11. ^ Ravi Teja Sharma (2 July 2016). "Tata-owned India Hotels sells 5.1 per cent stake in Belmond for $49.57 million". Indiatimes.com. Retrieved 22 December 2019.
  12. ^ Rupert Neate (14 December 2018). "Orient Express sold to owner of Christian Dior and Louis Vuitton". Theguardian.com. Retrieved 14 December 2018.
  13. ^ Travis Hoium (14 December 2018). "Why Belmond Ltd's Shares Jumped 40% Today". Fool.com}. Retrieved 22 December 2019.
  • Official website
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