Belmond Limited

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.

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

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
ContinentCountryCityName
Europe ItalyVeniceBelmond Hotel Cipriani
PortofinoBelmond Hotel Splendido
Belmond Splendido Mare
FlorenceBelmond Villa San Michele
Amalfi CoastBelmond Hotel Caruso
SicilyBelmond Villa Sant'Andrea
Belmond Grand Hotel Timeo
SpainDeia, MallorcaBelmond La Residencia
PortugalMadeiraBelmond Reid's Palace
RussiaSt. PetersburgBelmond Grand Hotel Europe
EnglandLondon Belmond Cadogan
OxfordshireBelmond Le Manoir aux Quat'Saisons
North America United StatesCharleston, South CarolinaBelmond Charleston Place
Santa Barbara, CaliforniaBelmond El Encanto
St. Michaels, MarylandInn at Perry Cabin by Belmond
French West IndiesSt. MartinBelmond La Samanna
MexicoRiviera MayaBelmond Maroma Resort & Spa
San Miguel de AllendeBelmond Casa de Sierra Nevada
South America BrazilRio de JaneiroBelmond Copacabana Palace
Iguaçu FallsBelmond Hotel das Cataratas
PeruLimaBelmond Miraflores Park
CuscoBelmond Palacio Nazarenas[note 1]
Belmond Hotel Monasterio[note 1]
Machu PicchuBelmond Sanctuary Lodge[note 1]
Sacred ValleyBelmond Hotel Rio Sagrado, Urubamba
Colca CanyonBelmond Las Casitas
Asia IndonesiaBaliBelmond Jimbaran Puri
ThailandKoh SamuiBelmond Napasai
MyanmarYangonBelmond Governor's Residence
LaosLuang PrabangBelmond La Résidence Phou Vao
CambodiaSiem ReapBelmond La Résidence d'Angkor
Africa South AfricaCape TownBelmond Mount Nelson Hotel
BotswanaChobe National ParkBelmond Savute Elephant Lodge
Moremi Game ReserveBelmond Khwai River Lodge
Okavango DeltaBelmond Eagle Island Lodge

Transportation
TypeRouteName
Sleeper trainsLondon-VeniceVenice Simplon-Orient-Express
ScotlandBelmond Royal Scotsman
Ireland, Northern IrelandBelmond Grand Hibernian
Thailand, Malaysia, SingaporeEastern & Oriental Express
PeruBelmond Andean Explorer[note 2]
Day trainsGreat BritainBelmond British Pullman
Peru[note 3]Belmond Hiram Bingham
SailboatsFranceBelmond Afloat in France (five canal and river barges)
Irrawaddy River, MyanmarBelmond Road to Mandalay

Restaurants
CountryCityName
United StatesNew York City21 Club
Charleston, South CarolinaCharleston Grill
United KingdomOxfordshireThe Restaurant at Belmond Le Manoir aux Quat’Saisons
PortugalMadeiraWilliam Restaurant
ItalyVeniceOro Restaurant
TaorminaOtto Geleng Restaurant
BrazilRio de JaneiroMee
Rio de JaneiroRistorante Hotel Cipriani

See also

Notes and references

Notes
  1. 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. Archived from the original on 9 October 2019. Retrieved 9 October 2019.
  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.
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