Orient-Express Hotels Ltd. reports first quarter 2014 results (United States)
First quarter same store revenue per available room (“RevPAR”) up 5% in local currency compared to prior-year quarter |
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Orient-Express Hotels Ltd. reports first quarter 2014 results (United States)
First quarter same store revenue per available room (“RevPAR”) up 5% in local currency compared to prior-year quarter |
Category: North America & West Indies / Carribean islands - United States - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2014-05-02
- First quarter total revenue of $101.8 million, in line with the prior-year quarter.
- First quarter adjusted EBITDA of $0.7 million, down $3.8 million in U.S. dollars.
- Introduced the Company’s new Belmond brand to consumers in March 2014.
- Completed the Company’s first corporate debt facility in March 2014.
- Closed on the sale of Belmond The Inn at Perry Cabin and commenced a ten-year management agreement for the hotel in March 2014.
- Re-opened in April 2014 the fully renovated Belmond Miraflores Park in Lima.
Orient-Express Hotels Ltd. (NYSE: OEH, www.orient-expresshotelsltd.com and www.belmond.com) (the “Company”), owners, part-owners or managers of 45 luxury hotel, restaurant, tourist train and river cruise properties operating in 22 countries, today announced its results for the first quarter ended March 31, 2014.
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