LVMH to acquire Belmond
Luxury group LVMH Moët Hennessy Louis Vuitton will acquire Belmond Ltd – which owns, operates or manages 46 hotels, restaurants, train and river cruise properties – in a deal worth US$3.2bn.
The transaction is expected to complete in the first half of 2019, subject to the approval of Belmond’s shareholders and clearance by the relevant competition authorities.
Established over 40 years ago with the acquisition of Hotel Cipriani in Venice, Belmond operates in in 24 countries. Its properties include hotels like Hotel Splendido in Portofino, Copacabana Palace in Rio de Janeiro, Le Manoir aux Quat’Saisons in Oxfordshire, Grand Hotel Europe in St. Petersburg, Maroma Resort & Spa in Mexico, Hotel das Cataratas in the Iguassu National Park in Brazil, and Cap Juluca in Anguilla.
Legendary trains, such as the Venice Simplon-Orient-Express and Belmond Royal Scotsman – which features a Bamford spa carriage on-board – and cruises such as Belmond Afloat in France fleet complete the portfolio.
Through this acquisition, LVMH will significantly increase its presence in the luxury hotel world. In a press release, the company said that Belmond is an “ideal complement to the Cheval Blanc maisons”.
Roland Hernandez, chair of the board of directors of Belmond Ltd, commented: “Following a strategic review that attracted broad and deep interest from a wide range of real estate and lodging companies, sovereign wealth institutions and other financial buyers around the world, the Board has concluded that this transaction with LVMH provides compelling and certain value for our shareholders as well as an exciting path forward with a group that appreciates Belmond’s irreplaceable assets and strong management team.”
Bernard Arnault, Chairman and Chief Executive Offer of LVMH, added: “Belmond delivers unique experiences to discerning travellers 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. This acquisition will significantly increase LVMH’s presence in the ultimate hospitality world.”
LVMH. Belmond acquisition
Muza Lab creates eco-friendly 'explorer’s camp' in Botswana
Exclusive: Initial designs for Belmond Cadogan relaunch unveiled
Belmond opts for youth for Cadogan project
Belmond’s ancient Tuscan retreat includes Etruscan-inspired spa
'Romance, nostalgia and freedom': Inge Moore's Muza Lab design luxury train for voyage through Peru
Bamford spa carriage to launch aboard Belmond Royal Scotsman luxury train
A sleeper train with a difference: Belmond launches design-led luxury rail experience for Ireland


Therme appoints UK CEO as £250m Therme Manchester gets planning approval

Construction work to begin on Universal Resort Beijing's second phase 'by 2025'

Sparcstudio gives Center Parcs' Aqua Sana concept an extensive forest-inspired makeover

Studio Apostoli plans wellness oasis in Mongolian national park

Soho House to expand with new properties in UK, North America and Latin America

Art Processors win Fast Co Design Award for Sydney Opera House 50th anniversary synchronised show

September reopening for Britain's oldest lido following £9m transformation

Rixos to open Turkish-inspired beachfront spa resort in Dubai Islands

Rosewood’s second Austrian Asaya spa to open in restored 15th-century castle

1 Hotel Mayfair launches with Bamford Wellness Spa and biophilic design by GA Group

Otherworld Philadelphia is a place where 'anything is possible'

Mandarin Oriental opens first retreat in Greece and announces upcoming Sardinian property and spa

Third Space joins Six Senses at luxury development The Whiteley

GymNation – owned by JD Gyms – opens latest club in Dubai and plans Middle East expansion

Entertainment resort and waterpark planned for Tashkent, Uzbekistan

Plans revealed for US$2bn Oklahoma theme park

Nike gets into the health club market with the launch of group exercise studios

Canyon Ranch receives additional US$150m investment from VICI Properties to fund expansion

Communal bathhouses and self-care inspire LA's upcoming wellness club, Hume

Foster + Partners slated to design Equinox Resort Amaala

Feilden Clegg Bradley Studios' Eden Project Dundee will celebrate myth-makers and alchemists

Noa* creates elemental spa for alpine eco-resort in Austria

Meow Wolf opens The Real Unreal psychedelic experience in Grapvine, Texas

Boutique Greek island retreat unveils new spa with waterfall treatment rooms

PLP Architecture's Mandarin Oriental Bankside will be part of UK's first operationally fossil fuel-free mixed-use development

Fletcher Priest creates new design for Therme Manchester

Buro Happold hosts active transport event at World Congress of Architecture in Copenhagen

Aardman Animation and design studio, Katapult, launch new attraction concept

Anotherform and Fluxprojects create immersive fitness concept for Blok in London
