Belmond Limited
 | |
| Formerly | Orient-Express Hotels Ltd |
|---|---|
| Company type | Subsidiary |
| Industry | Hospitality |
| Founded | 1976 |
| Headquarters | Hamilton, Bermuda[1] |
Key people | Roeland Vos (Chairman) Dan Ruff (CEO) |
| Services | Hotels, trains, cruises, restaurants |
| Revenue | US$ 576.84 million (2018)[2] |
| Parent | LVMH |
| Website | www |
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
[edit]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.[citation needed] 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
[edit]Hotels
[edit]Transportation
[edit]| Type | Route | Name |
|---|---|---|
| Sleeper trains | London-Venice | Venice Simplon-Orient-Express |
| Scotland | Belmond Royal Scotsman | |
| Singapore, Malaysia, Thailand & Laos | Eastern and Oriental Express | |
| Peru | Belmond Andean Explorer[note 2] | |
| Day trains | Great Britain | Belmond British Pullman |
| Peru[note 3] | Belmond Hiram Bingham | |
| River Boats | France | Les Bateaux Belmond (five canal and river barges) |
Other formerly operated trains
[edit]- Great South Pacific Express (1999-2003) in Australia between Kuranda, Queensland and Sydney. Its carriages were transferred to the Belmond Andean Explorer after its demise.
- Belmond Northern Belle (2000-2017) in the Central and Northern regions of Great Britain. Sold to West Coast Railways as a new operator.
- Belmond Grand Hibernian (2016-2021) in Ireland.
Restaurants
[edit]| Country | City | Name |
|---|---|---|
| United States | New York City | 21 Club |
| United Kingdom | Oxfordshire | The Restaurant at Belmond Le Manoir aux Quat’Saisons |
| London | The Lalee | |
| Portugal | Madeira | William Restaurant |
| Italy | Venice | Oro Restaurant |
| Taormina | Otto Geleng Restaurant | |
| Florence | La Loggia | |
| Brazil | Rio de Janeiro | Mee |
| Rio de Janeiro | Ristorante Hotel Cipriani |
See also
[edit]Notes and references
[edit]Notes
[edit]- ^ a b c All Cusco and Macchu Picchu Hotels are a 50% Joint Venture with Peruvian shareholding company Peru Hotel Macchu Picchu SA (Peru Belmond Hotels SA)
- ^ (since May 2017) In 50% partnership with the Peruvian shareholder company Peruvian Trains and Railways SA
- ^ Belmond has a 50% interest in PeruRail.
References
[edit]- ^ Company 10-Q
- ^ "Belmond revenue". www.craft.co. Archived from the original on 9 October 2019. Retrieved 9 October 2019.
- ^ "Belmond Ltd. - SEC". Sec.gov. Retrieved 3 August 2017.
- ^ "Belmond's founder deserves his place in its history". Ft.com. 17 December 2018. Retrieved 22 December 2019.
- ^ "Interview: Behind Belmond's Rebrand of Iconic Orient-Express Name". Skift.com. 17 March 2014. Retrieved 14 November 2017.
- ^ Vora, Shivani (14 March 2014). "Orient-Express Hotels Gets a New Name". Intransit.blogs.nytimes.com. Retrieved 14 November 2017.
- ^ "Log In". Wsj.com. Retrieved 14 November 2017.[permanent dead link]
- ^ "Bloomberg". Bloomberg.com. Retrieved 14 November 2017.
- ^ "Orient-Express Hotels Ltd. Changes Corporate Name to Belmond Ltd". Hotelnewsresource.com. Retrieved 14 November 2017.
- ^ Eoin Burke-Kennedy (22 April 2015). "'Orient Express' company Belmond jumps tracks to Ireland". Irishtimes.com. Retrieved 22 December 2019.
- ^ 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.
- ^ Rupert Neate (14 December 2018). "Orient Express sold to owner of Christian Dior and Louis Vuitton". Theguardian.com. Retrieved 14 December 2018.
- ^ Travis Hoium (14 December 2018). "Why Belmond Ltd's Shares Jumped 40% Today". Fool.com}. Retrieved 22 December 2019.
- ^ "LVMH buys Belmond hotel group for $3.2 bn, including Machu Picchu and Cusco hotels". News from Peru - Peruvian Times. 23 April 2019. Retrieved 15 March 2024.
External links
[edit]
- Official website
- Historical business data for Belmond Ltd.:
- SEC filings
- Hotel and leisure companies based in London
- Companies of Bermuda
- Cruise lines
- Railway companies of Italy
- Railway companies of the United Kingdom
- Hotel chains in the United Kingdom
- Hospitality companies established in 1976
- Railway companies established in 1976
- 1976 establishments in Italy
- 2019 mergers and acquisitions
- LVMH brands