Orient-Express Provides Update on Strategic Actions That Drive Value and Further Enhance Unparalleled Portfolio of Luxury Properties

Orient-Express Provides Update on Strategic Actions That Drive Value and Further Enhance Unparalleled Portfolio of Luxury Properties PR Newswire HAMILTON, Bermuda, December 14, 2012 HAMILTON, Bermuda, December 14, 2012 /PRNewswire/ -- Completes sale of The Westcliff, Johannesburg Enters into agreement to sell Porto Cupecoy, Sint Maarten Combined cash price for both transactions of $45.0 million Re-opens main building of Copacabana Palace, Rio de Janeiro after extensive renovation Announces renovation plans at Grand Hotel Europe, St. Petersburg and Charleston Place, South Carolina Orient-Express Hotels Ltd. ("Orient-Express" or the "Company") (NYSE: OEH) today announced several actions reflecting the Company's strategy to increase the earnings power of its properties, optimize its unique portfolio of luxury travel assets, and further strengthen its balance sheet. The Company is selling two non-strategic properties for a total of $45.0 million in cash, has re-opened the main building of Copacabana Palace in Rio de Janeiro after an extensive renovation, and has announced plans to commence significant renovations at two of its top-performing properties. "We are moving forward aggressively in executing our portfolio optimization strategy.