Bernard Arnault, Chairman and Chief Executive Officer of LVMH Moët Hennessy Louis Vuitton, announced that LVMH and Belmond Ltd., owners, part-owners or managers of 46 luxury hotel, restaurant, train and river cruise properties, have entered into an agreement for LVMH to acquire Belmond.
LVMH, the world’s largest luxury goods company, will take over Belmond in a deal valued at $2.6 billion. The transaction is expected to complete in the first half of 2019.
Established over 40 years ago with the acquisition of Hotel Cipriani in Venice, Belmond owns and operates a global collection of exceptional hotel and luxury travel adventures in some of the world’s most inspiring destinations in 24 countries.
Belmond’s iconic properties include hotels like Hotel Cipriani in Venice, Hotel Splendido in Portofino, Copacabana Palace in Rio de Janeiro and Grand Hotel Europe in St. Petersburg. We recall that in 2015 Belmond sold its stake in historic Hotel Ritz Madrid, which will be reopened in 2019 by Mandarin Oriental Hotel Group.
France's LVMH already has hotels in its portfolio, including Cheval Blanc and Bvlgari hotel chains.
“This acquisition will significantly increase LVMH’s presence in the ultimate hospitality world,” said Bernard Arnault. “Belmond delivers unique experiences to discerning travelers and owns a number of exceptional assets in the most desirable destinations. Its heritage, its innovative services, its excellence in execution and its entrepreneurship resonates well with the values of the Group and is complementary to our own Cheval Blanc maisons and the Bvlgari hotels activities,” added CEO of LVMH.
Moscow never sleeps! Together with the announcement about opening of the Four Seasons Hotel Lion Palace St. Petersburg, Canadian-based five-star hotel company introduces the plans for the opening of the second property in Russia in 2013 – Four Seasons Hotel Moscow.
Savonlinna is a small town, but very beautiful and comfortable. Most likely you are going to visit the city centre and Olavinlinna castle.
Representatives of the mixed-use complex Lakhta Centre in St. Petersburg, the construction of which is in progress, announced the launch of online broadcast from the height of 360 metres. Online camera is located at the level of Lakhta Centre tower’s future observation deck.
London Marriott Hotel Marble Arch was shown in the two-hour season 4 finale episode of the world-famous TV-show “Friends”.