Orient-Express Hotels


Orient-Express Hotels
Orient-Express Hotels Ltd.
Type Public (NYSE: OEH)
Industry Hotels, Restaurants, Trains, Cruises
Headquarters Hamilton, Bermuda
Key people Paul M. White
Employees 8,400
Website http://www.orient-express.com

Orient-Express Hotels Ltd (NYSEOEH) is a hotel and leisure company that operates high end hotels, cruise and train services around the world. As of 2008 it owns or partly owns more than 40 individual deluxe hotels, three restaurants, six tourist trains and two river cruise businesses in more than 25 countries worldwide.[1]

The company derives its name from the Venice-Simplon Orient Express, acquired in 1977 by James Sherwood, its founder. This worldwide known train operates overnight service between London and Venice. The company also operates the Royal Scotsman train service, Northern Belle and 50 percent interest of PeruRail in Peru. It also operates the Afloat franchise in France and a river cruise on the Irrawaddy River in Central Burma. The company owns the 21 Club in New York City.

Among the European hotels it owns is the Hotel Cipriani in Venice (the company sold its 49 percent interest in the London branch of Harry's Bar in 2006). In 2008 it won a London court order against Cipriani S.A. ordering the company to discontinue using the Cipriani name in London because Orient-Express owns the Cipriani name.[2]

In South America, it owns the famous Copacabana Palace in Rio de Janeiro and the Hotel Monasterio in Cusco, Peru. It also owns the Miraflores Park Hotel and the Machu Picchu Sanctuary Lodge. Two of its recent hotels/acquisitions are the Las Casitas del Colca in the Colca Canyon in Arequipa, Peru, and the Hotel das Cataratas, located right next to the famous Iguazu Falls.

Hotels and restaurants accounted for 84% of revenue during the year ended December 31, 2006. Tourist trains and cruises accounted for 13% and the remaining 4% coming from “development activities.”

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