Market Overview

Belmond Announces Review of Strategic Alternatives to Enhance Shareholder Value


Belmond Ltd. (NYSE:BEL), owners, part-owners or managers of 46 luxury
hotel, restaurant, train and river cruise properties, which operate in
24 countries, today announced that its Board of Directors has initiated
a comprehensive review of strategic alternatives to enhance shareholder

Belmond's iconic properties include Belmond Hotel Cipriani in Venice,
Belmond Hotel Splendido in Portofino, Belmond Copacabana Palace in Rio
de Janeiro, Belmond Le Manoir aux Quat'Saisons in Oxford, Belmond Grand
Hotel Europe in St. Petersburg, Belmond El Encanto in Santa Barbara, and
the storied ‘21' Club restaurant in New York.

"The Board is committed to pursuing a path that is in the best interests
of all Belmond shareholders. Accordingly, we are conducting a robust
review of the full range of strategic, operational and financial
alternatives available to the Company, including a possible sale," said
Roland Hernandez, Chairman of the Board of Directors. "We have made
meaningful progress toward our long-term strategic goals, including
growing earnings, increasing brand awareness, and expanding our global
footprint. We believe that now is the right time to conduct a strategic
review process in order to enhance value for shareholders, given
Belmond's truly exceptional and unique collection of iconic owned
properties and strong fundamentals in our markets around the world."

No assurances can be given regarding the outcome or timing of the review
process. The Company does not intend to make any further public comment
regarding the review until it has been completed or the Company
determines that disclosure is required or beneficial.

The Board has engaged Goldman Sachs & Co. LLC and J.P. Morgan Securities
LLC as financial advisors and Weil, Gotshal & Manges LLP as legal
advisor to assist in its review.

About Belmond Ltd.

Belmond (
is a global collection of exceptional hotel and luxury travel adventures
in some of the world's most inspiring and enriching destinations.
Established over 40 years ago with the acquisition of Belmond Hotel
Cipriani in Venice, its unique and distinctive portfolio now embraces 46
hotel, rail and river cruise experiences, excluding one scheduled for a
2018 opening in London, in many of the world's most celebrated
destinations. From city landmarks to intimate resorts, the collection
includes Belmond Grand Hotel Europe, St. Petersburg; Belmond Copacabana
Palace, Rio de Janeiro; Belmond Maroma Resort & Spa, Riviera Maya; and
Belmond El Encanto, Santa Barbara. Belmond also encompasses safaris,
seven luxury tourist trains, including the Venice
Simplon-Orient-Express, and two river cruises. Belmond also operates
‘21' Club, one of New York's most storied restaurants. Further
information on the Company can be found at

Cautionary Statements

This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These include
statements regarding the Company's review of strategic alternatives,
which are not historical facts and therefore involve risks and
uncertainties. These statements are based on management's current
expectations and beliefs regarding future developments, are not
guarantees of performance and are subject to a number of uncertainties
and risks that could cause actual results to differ materially from
those described in the forward-looking statements. Factors that may
cause actual results, performance and achievements to differ from those
express or implied in the forward-looking statements include, but are
not limited to, those mentioned in the news release and oral
presentations, our ability to execute and achieve our three-point growth
strategy, future effects, if any, on the travel and leisure markets of
terrorist activity and any police or military response, varying customer
demand and competitive considerations, failure to realize expected hotel
bookings and reservations and planned real estate sales as actual
revenue, inability to sustain price increases or to reduce costs, rising
fuel costs adversely impacting customer travel and the Company's
operating costs, fluctuations in interest rates and currency values,
uncertainty of negotiating and completing any future asset acquisitions,
leases, sales and third-party management contracts, debt refinancings,
capital expenditures and acquisitions, inability to reduce funded debt
as planned or to obtain bank agreement to any future requested loan
agreement waivers or amendments, adequate sources of capital and
acceptability of finance terms, possible loss or amendment of planning
permits and delays in construction schedules for expansion projects,
delays in reopening properties closed for repair or refurbishment and
possible cost overruns, shifting patterns of tourism and business travel
and seasonality of demand, adverse local weather conditions, possible
challenges to the Company's ownership of its brands, the Company's
reliance on technology systems and its development of new technology
systems, changing global or regional economic conditions and weakness in
financial markets which may adversely affect demand, legislative,
regulatory and political developments (including the evolving political
situation in Ukraine, Brazil, and Peru, and regional events in Myanmar,
in the United Kingdom in respect of its withdrawal from the European
Union and in the United States in respect of its evolving immigration
and trade policies and the Tax Cuts and Jobs Act of 2017, and the
resulting impact of these situations on local and global economies,
exchange rates and on current and future demand), the threat or current
transmission of epidemics, infectious diseases, and viruses, such as the
Zika virus which may affect demand in Latin America, including the
Caribbean, and elsewhere, and possible challenges to the Company's
corporate governance structure. Further information regarding these and
other factors that could cause management's current expectations and
beliefs not to be realized is included in the filings by the Company
with the U.S. Securities and Exchange Commission. Except as otherwise
required by law, the Company undertakes no obligation to update or
revise publicly any forward-looking statement, whether due to new
information, future events or otherwise.

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