Hotel News Resource - Orient-Express Hotels Hotel Industry News

Orient-Express Hotels Ltd., owners or part owners and managers of 49 luxury hotel, restaurant, tourist train and river cruise properties in 24 countries, announced that it has appointed Ali V. Kasikci as Regional Managing Director for North America, Mexico and the Caribbean, effective January 30, 2012.

Orient-Express Hotels Ltd. (NYSE: OEH) today announced that it has completed the refinancing of the Company's $88 million loan on its Brazilian portfolio of properties, including the Copacabana Palace in Rio de Janeiro and Hotel das Cataratas at Iguassu Falls.

Revenue from Owned Hotels up 25% to $145.2 million - Same store RevPAR up 20% in US dollars, up 14% in local currency - Adjusted EBITDA before Real Estate up 28% to $41.1 million

Paul White Resigns as CEO; Chairman Bob Lovejoy Named Interim CEO; Search Underway

First quarter total revenue, excluding Real Estate, up 17% to $99.6 million

Director Bob Lovejoy Expected to Become Chairman- Two New Independent Directors Nominated

Fourth quarter total revenue, excluding Real Estate, up 13% to $126.6 million

Orient-Express Hotels Ltd. (NYSE: OEH), owners or part-owners and managers of 50 luxury hotel, restaurant, tourist train and river cruise properties in 24 countries, today announced that it has appointed Roy Paul as Chief Development Officer, effective February 1, 2011.

Third quarter total revenues, excluding Real Estate, up 14% to $159.0 million

Second quarter total revenues, excluding Real Estate, up 13% to $146.0 million, Revenue from owned hotels up 15%