Revenue of $117.3 million, up 3% from the prior-year quarter; down 2% on a constant currency basis
Net losses attributable to Belmond Ltd. of $29.8 million compared with earnings of $6.7 million for the prior-year quarter due to two non-cash impairment charges totaling $34.8 million recorded in the fourth quarter of 2017
Adjusted net losses from continuing operations of $6.3 million, compared with adjusted earnings of $1.4 million for the prior-year quarter
Same store revenue per available room (“RevPAR”) up 12% from the prior-year quarter; up 6% on a constant currency basis
Adjusted EBITDA of $16.0 million, down 2% from the prior-year quarter; down 10% on a constant currency basis
Full Year 2017
Revenue of $561.0 million, up 2% from the prior-year; down $0.6 million on a constant currency basis
Net losses attributable to Belmond Ltd. of $45.0 million compared with earnings of $36.3 million for the prior year
Adjusted net earnings from continuing operations of $12.1 million, compared with $25.6 million for the prior-year
Same store revenue per available room (“RevPAR”) up 5% from the prior-year; up 1% on a constant currency basis
Adjusted EBITDA of $124.0 million, down 3% from the prior-year; down 7% on a constant currency basis
Recent Highlights
Further expands global footprint with February 2018 acquisition of Castello di Casole in Italy
Appointed Daniel Ruff as SVP, head of global operations
Completed global development team with three key appointments in Asia, the Americas and Europe
2017 Highlights
Continued the momentum created with the acquisition of Belmond Cap Juluca in May 2017, the acquisition of Las Casitas del Colca in April 2017 and the launch of Belmond Andean Explorer in May 2017
Launched new website and brand campaign "The Art of Belmond" in October 2017
Completed refinancing of corporate debt facility in Q3 at attractive rates and extended maturities to 2024
