Orient-Express review may lead to hotel disposals

23 March 2009 by
Orient-Express review may lead to hotel disposals

Luxury hotel group Orient-Express is reportedly reviewing its business in a move that could see the sale of some of its properties.

The owner of Raymond Blanc's Le Manoir Aux Quat' Saisons and the hotel Cipriani in Venice, has appointed Deutsche Bank to examine a range of options for the company.

These could lead to a disposal of some of its operations, a partnership with an external investor or an outright sale of the company, according to the Sunday Telegraph.

A spokeswoman for Orient-Express told the newspaper that it was looking at "selective disposals" but declined to comment on Deutsche Bank's appointment.

Orient-Express, which also owns the eponymous train service, has attracted interest in the past from Tata, the Indian conglomerate, and Jumeirah Hotels of Dubai, both of which have assembled significant shareholdings.

The property investors David and Simon Reuben, as well as several hedge funds, are also investors in Orient-Express and may be interested in taking part in an offer.

Cipriani London told to change name after trademark battle >>

Raymond Blanc to go into business with 2008's The Restaurant winners >>

Orient-Express upbeat about luxury market's prospects >>
Indian Hotels offers olive branch to Orient Express >>

By Chris Druce

E-mail your comments to Chris Druce here.

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