Belmond Limited Explained

Belmond Ltd.
Former Name:Orient-Express Hotels Ltd
Type:Subsidiary
Parent:LVMH
Foundation:1976
Location:Hamilton, Bermuda[1]
Key People:Roeland Vos (Chairman)
Dan Ruff (CEO)
Industry:Hospitality
Services:Hotels, trains, cruises, restaurants
Revenue:US$ 576.84 million (2018)[2]

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, Italy, from the Guinness family for £900,000. Sherwood then bought a number of historic rail cars similar to those used on the original Orient Express train, which he restored and used to 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 most of 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 $3.2 billion transaction which would delist the company from the New York Stock Exchange and make it 100% privately owned. The announcement of the sale led Belmond's share price to increase by 40% in a single trading day.[13] The deal closed in April 2019.[14]

Properties

Hotels

Continent Country City Name
EuropeBelmond Hotel Cipriani
Belmond Hotel Splendido
Belmond Splendido Mare
Belmond Villa San Michele
Casole d’Elsa, TuscanyBelmond Castello di Casole
Belmond Castello di Urio
Belmond Hotel Caruso
Belmond Villa Sant'Andrea
Belmond Grand Hotel Timeo
Belmond La Residencia
Belmond Reid's Palace
LondonBelmond Cadogan
Belmond Le Manoir aux Quat'Saisons
North AmericaBelmond El Encanto
Belmond Cap Juluca
Belmond Maroma Resort & Spa
San Miguel de AllendeBelmond Casa de Sierra Nevada
South AmericaBelmond Copacabana Palace
Belmond Hotel das Cataratas
Belmond Miraflores Park
Belmond Palacio Nazarenas[15]
Belmond Hotel Monasterio
Belmond Sanctuary Lodge
Belmond Hotel Rio Sagrado, Urubamba
Belmond Las Casitas
AsiaBelmond Jimbaran Puri
Belmond Napasai
Belmond La Résidence Phou Vao
Belmond La Résidence d'Angkor
AfricaBelmond Mount Nelson Hotel
Belmond Savute Elephant Lodge
Belmond Eagle Island Lodge

Transportation

Type Route Name
Sleeper trains Venice Simplon-Orient-Express
Eastern and Oriental Express
Belmond Andean Explorer[16]
Day trains Belmond British Pullman
Peru[17] Belmond Hiram Bingham
River Boats Les Bateaux Belmond (five canal and river barges)

Other formerly operated trains

Restaurants

Country City Name
21 Club
United Kingdom The Restaurant at Belmond Le Manoir aux Quat’Saisons
The Lalee
Portugal William Restaurant
Italy Oro Restaurant
Otto Geleng Restaurant
La Loggia
Brazil Mee
Ristorante Hotel Cipriani

See also

Notes and references

References

Notes and References

  1. https://www.sec.gov/Archives/edgar/data/1115836/000111583618000029/bel-20180930x10q.htm Company 10-Q
  2. Web site: Belmond revenue. www.craft.co. 9 October 2019. https://web.archive.org/web/20191009131649/https://craft.co/belmond/revenue. 9 October 2019. dead.
  3. Web site: Belmond Ltd. - SEC . Sec.gov . 2017-08-03.
  4. Web site: Belmond's founder deserves his place in its history. Ft.com. 17 December 2018. 22 December 2019.
  5. Web site: Interview: Behind Belmond's Rebrand of Iconic Orient-Express Name. 17 March 2014. Skift.com. 14 November 2017.
  6. Web site: Orient-Express Hotels Gets a New Name. Shivani. Vora. Intransit.blogs.nytimes.com. 14 March 2014 . 14 November 2017.
  7. Web site: Log In. Wsj.com. 14 November 2017.
  8. Web site: Bloomberg. Bloomberg.com. 14 November 2017.
  9. Web site: Orient-Express Hotels Ltd. Changes Corporate Name to Belmond Ltd.. Hotelnewsresource.com. 14 November 2017.
  10. Web site: 'Orient Express' company Belmond jumps tracks to Ireland. Irishtimes.com. 22 April 2015. Eoin Burke-Kennedy. 22 December 2019.
  11. Web site: Tata-owned India Hotels sells 5.1 per cent stake in Belmond for $49.57 million. Indiatimes.com. 2 July 2016. Ravi Teja Sharma. 22 December 2019.
  12. Web site: Orient Express sold to owner of Christian Dior and Louis Vuitton. Rupert Neate. 14 December 2018. 14 December 2018. Theguardian.com.
  13. Web site: Why Belmond Ltd's Shares Jumped 40% Today. Fool.com. }
  14. Web site: 2019-04-23 . LVMH buys Belmond hotel group for $3.2 bn, including Machu Picchu and Cusco hotels . 2024-03-15 . News from Peru - Peruvian Times . en-US.
  15. All Cusco and Macchu Picchu Hotels are a 50% Joint Venture with Peruvian shareholding company Peru Hotel Macchu Picchu SA (Peru Belmond Hotels SA)
  16. (since May 2017) In 50% partnership with the Peruvian shareholder company Peruvian Trains and Railways SA
  17. Belmond has a 50% interest in PeruRail.