Belmond operates 36 hotels, 30 of which are wholly owned. Another five are partly owned and those in Peru run via a joint venture.
They include iconic names such as the Belmond Hotel Cipriani in Venice, Le Manoir aux Quat’Saisons in Oxford and the ‘21’ Club restaurant in New York. Belmond’s portfolio also boasts seven trains, including the Venice Simplon-Orient-Express, and two river cruisers.
TTG understands Belmond was exploring options for a sale ahead of expected calendar year profits of $140-150 million, an increase of 13-21%, which will mean 2018 will be one of the brand’s strongest on record.
