Orient-Express Hotels Ltd. & Ubud Hanging Gardens
HAMILTON, Bermuda--(BUSINESS WIRE)--
Orient-Express Hotels Ltd. (NYSE: OEH, www.orient-express.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 that following an unannounced repossession by
the third party owner of Ubud Hanging Gardens in Bali, Indonesia, on
November 11, 2013, the Company is unable to continue to operate the
hotel. Accordingly, in order to prevent any confusion to its guests, the
Company has ceased reference to the property in its sales and marketing
materials, including all electronic marketing, until further notice.
The Company believes that this action by the owner is unlawful and
constitutes a wrongful, and potentially criminal, repossession of the
hotel and is a flagrant breach of its long-term lease arrangement, which
continues to August 2038. Orient-Express Hotels Ltd. is in consultation
with its advisors with regard to the steps it plans to take to
vigorously protect the interests of the Company, as well as its clients
Orient-Express Hotels Ltd.
Chief Financial Officer
Tel: +44 20 3117 1333
Director, Corporate Communications
Tel: +44 20 3117 1380
Source: Orient-Express Hotels Ltd.