Orient-Express Hotels Ltd. (NYSE; OEH) confirmed the election of eight directors to its Board of Directors at the Company’s 2013 Annual General Meeting of Shareholders, including a new independent director, Roland Hernandez, who was also named Chairman of the Board.
Total revenue was $103.2 million in the first quarter of 2013, up $2.7 million or 3% from $100.5 million in the first quarter of 2012. Revenue from owned hotels for the first quarter was $89.2 million, up $1.7 million or 2% from $87.5 million in the first quarter of 2012.
Total revenue was $128.0 million in the fourth quarter of 2012, down $1.1 million or 1% from $129.1 million in the fourth quarter of 2011. Excluding Copacabana Palace, which was partially closed for renovation for the majority of the quarter, total revenue was up 3% compared to the fourth quarter of 2011.
Based in London, Aruzza will be responsible for strategic marketing, global sales and corporate communications departments.
John Scott is a talented and highly regarded leader in the global hotel industry
Resilient performance in Europe despite poor macro-economic conditions, with revenue from owned hotels, same store RevPAR and EBITDA all ahead of 2011 on a local currency basis
Orient-Express Hotels Ltd. (NYSE: OEH) today confirmed that it has received an unsolicited letter from The Indian Hotels Company Limited (IHCL) and certain other members of the Tata group of companies dated October 18, 2012, and included in IHCL's SEC Schedule 13D/A filing of the same date, with an unsolicited proposal by those parties and a fund controlled by Montezemolo & Partners to acquire all outstanding shares of Orient-Express Hotels Ltd.
Orient-Express Hotels Ltd. (NYSE: OEH0 today announced that it has entered into an agreement to sell The Observatory Hotel, Sydney, to an international luxury hotel group. Orient-Express will continue to operate the hotel until the transaction closes, which is expected to be on August 8, 2012.
Orient-Express Hotels Ltd. (NYSE: OEH) today announced that Board member Philip R. Mengel has been named Interim Chief Executive Officer while the Board continues its search for a permanent CEO.
First quarter total revenue, excluding real estate, up 10% to $107.0 million from $97.7 million - First quarter revenue from owned hotels up 8% to $93.9 million from $86.9 million