LVMH to Acquire Hotel and Orient-Express Train Operator Belmond

By Anna Breuer on 17 December 2018
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DSC_3287LVMH Moët Hennessy Louis Vuitton said late Friday that it will acquire Belmond, a London-based hotelier, for approximately $25 a share in cash for a total of $2.6 billion.

The Paris-based company owns multiple fashion brands including Fendi and Dom Pérignon.

Founded as Orient-Express Hotels, Belmond has full or partial stakes in almost all of the 36 hotels that it manages, a list which includes Cipriani in Venice, the Grand Hotel Europe in St. Petersburg, and the Copacabana in Rio de Janeiro. As such, it is one of the last hotel operators to own most of the properties that it manages.

Belmond is also the operator of luxury trains including the Venice Simplon-Orient-Express and the Eastern & Orient Express in Kuala Lumpur and Singapore, a variety of river cruises, and the fabled 21 Club in New York City. The Venice Simplon-Orient Express uses original Compagnie Internationale des Wagons-Lits carriages from the 1920s and 1930s that were used on the original Orient Express route from Paris to Istanbul, which Belmond continues to operate in addition to the London-Venice service.

The hotelier recently announced that it had assumed management of the Cardogan Hotel in London, which will reopen in 2019 following a $48 million renovation project.

(Photo: Accura Media Group)

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