HAMILTON, Bermuda, May 5, 2010 /PRNewswire via COMTEX/ --Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), owners or part-owners and managers of 50 luxury hotel, restaurant, tourist train and river cruise properties operating in 24 countries, today announced its results for the first quarter ended March 31, 2010.
For the first quarter, the Company reported a net loss of $13.0 million (loss of $0.15 per common share) on revenue of $89.7 million, compared with a net loss of $14.6 million (loss of $0.29 per common share) on revenue of $81.1 million in the first quarter of 2009. The net loss from continuing operations for the period was $18.2 million (loss of $0.21 per common share), compared with a net loss of $11.6 million (loss of $0.23 per common share) in the first quarter of 2009. The adjusted net loss from continuing operations for the period was $19.2 million ($0.22 per common share), compared with an adjusted net loss of $0.1 million ($nil per common share) in the first quarter of 2009.
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Showing posts with label Orient Express. Show all posts
Showing posts with label Orient Express. Show all posts
Wednesday, May 5, 2010
Wednesday, February 3, 2010
Orient-Express buys 2 hotel properties in Italy for $117 million
NEW YORK (AP) -- Hotel owner and manager Orient-Express Hotels Ltd. said Wednesday it acquired Grand Hotel Timeo and Villa Sant'Andrea in Italy for $117 million.
The company also said it sold its Australian property, Lilianfels Blue Mountains, to Lilianfels Hotel Pty Ltd. for $19.3 million.
Orient-Express said the sale of its Australian property helped its balance sheet and it said it expects to make "significant improvements" in performance at both of the properties it acquired
The company also said it sold its Australian property, Lilianfels Blue Mountains, to Lilianfels Hotel Pty Ltd. for $19.3 million.
Orient-Express said the sale of its Australian property helped its balance sheet and it said it expects to make "significant improvements" in performance at both of the properties it acquired
Tuesday, January 19, 2010
Orient-Express Hotels raises $138 million in gross proceeds from offering of 12 million shares
NEW YORK (AP) — Orient-Express Hotels Ltd. said Tuesday that it raised gross proceeds of $138 million from a public offering of 12 million shares of its Class A stock.
Net proceeds total about $131 million after underwriting discounts and estimated offering expenses, the Bermuda-based hotel owner and manager said.
The underwriters fully exercised their overallotment option, buying an additional 1.8 million shares. In total, 13.8 million shares were sold at $10 a piece
Net proceeds total about $131 million after underwriting discounts and estimated offering expenses, the Bermuda-based hotel owner and manager said.
The underwriters fully exercised their overallotment option, buying an additional 1.8 million shares. In total, 13.8 million shares were sold at $10 a piece
Tuesday, December 29, 2009
Orient-Express buys hotel in Peru for $7 million
NEW YORK (AP) -- Hotel owner and manager Orient-Express Hotels Ltd. said Tuesday that it purchased a hotel in Peru from Industrias Turistica Vagamundos SAC for $7 million.
The acquisition was made by Orient-Express Hotels' joint venture company, Peru OEH SA, which used cash reserves and $2.5 million of long-term debt for the purchase.
The Hotel Rio Sagrado, which opened in April, contains 21 suites and two villas. The hotel, located in the Sacred Valley of the Incas, is the fifth Peru acquisition for Orient-Express.
Orient-Express is the owner or part-owner and manager of 49 luxury hotel, restaurant, tourist train and river cruise properties in 25 countries.
The acquisition was made by Orient-Express Hotels' joint venture company, Peru OEH SA, which used cash reserves and $2.5 million of long-term debt for the purchase.
The Hotel Rio Sagrado, which opened in April, contains 21 suites and two villas. The hotel, located in the Sacred Valley of the Incas, is the fifth Peru acquisition for Orient-Express.
Orient-Express is the owner or part-owner and manager of 49 luxury hotel, restaurant, tourist train and river cruise properties in 25 countries.
Thursday, October 8, 2009
Luxury New Orleans hotel sold for $44.2 million
NEW ORLEANS -- The Windsor Court Hotel, a luxury 324-room hotel in New Orleans, has been sold for $44.2 million to a group that plans a two-year renovation of its guest rooms.
Orient-Express Hotels Ltd. said it sold the hotel to Windsor Court Partners because the hotel no longer fits its model of catering to leisure travelers.
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Orient-Express Hotels Ltd. said it sold the hotel to Windsor Court Partners because the hotel no longer fits its model of catering to leisure travelers.
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Thursday, August 6, 2009
Orient-Express Hotels Reports Second Quarter 2009 Results
Second Quarter 2009 Earnings Summary
- Second quarter total revenues, excluding Real Estate, of $132.0 million
- Same store RevPAR down 24% in local currency, 33% in US dollars
- Adjusted EBITDA before Real Estate of $26.7 million
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http://phx.corporate-ir.net/phoenix.zhtml?c=122664&p=irol-newsArticle&ID=1317403&highlight=
- Second quarter total revenues, excluding Real Estate, of $132.0 million
- Same store RevPAR down 24% in local currency, 33% in US dollars
- Adjusted EBITDA before Real Estate of $26.7 million
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http://phx.corporate-ir.net/phoenix.zhtml?c=122664&p=irol-newsArticle&ID=1317403&highlight=
Thursday, May 7, 2009
Orient-Express Hotels Reports First Quarter 2009 Results
First Quarter 2009 Earnings Summary
- First quarter total revenues, excluding real estate, of $91.0 million, down $24.9 million over prior year
- Same store RevPAR down 18% in local currency, 26% in US dollars
- Adjusted EBITDA before Real Estate of $9.9 million, down $7.0 million over prior year
- First quarter net loss from continuing operations of $13.6 million
- EPS loss from continuing operations of $0.27 per common share
- First quarter total revenues, excluding real estate, of $91.0 million, down $24.9 million over prior year
- Same store RevPAR down 18% in local currency, 26% in US dollars
- Adjusted EBITDA before Real Estate of $9.9 million, down $7.0 million over prior year
- First quarter net loss from continuing operations of $13.6 million
- EPS loss from continuing operations of $0.27 per common share
