Orient-Express Hotels Reports Third Quarter 2012 Results

Orient-Express Hotels Reports Third Quarter 2012 Results PR Newswire HAMILTON, BERMUDA, November 1, 2012 HAMILTON, BERMUDA, November 1, 2012 /PRNewswire/ -- Same store revenue per available room ("RevPAR") in local currency equal to year-ago quarter; up 5% excluding impact of partial closure of Copacabana Palace in Rio de Janeiro Strong performance in North America and Asia-Pacific, with same store RevPAR up 12% in both regions Resilient performance in Europe despite poor macro-economic conditions, with revenue from owned hotels, same store RevPAR and EBITDA all ahead of 2011 on a local currency basis Third quarter total revenue before real estate down 8% to $160.4 million from $173.5 million; up 1% excluding effects of currency and partial closure of Copacabana Palace Third quarter adjusted EBITDA before real estate down 10% to $41.6 million from $46.1 million; up 2% excluding effects of currency and the partial closure of Copacabana Palace Central overheads down $2.0 million from the year-ago quarter Proceeds of $42.1 million received from completion of sale of The Observatory Hotel, Sydney; $11.2 million of proceeds used to repay debt Announced new river cruise operation in Myanmar that will commence operations in July 2013 Completed €35.0 million ($44.