Indian Hotels plans to operate Orient-Express as separate company if takeover succeeds

By Peter Ruddick

- Last updated on GMT

Related tags: Board of directors

Orient-Express Hotels, the owner of Raymond Blanc's Le Manoir aux Quat'Saisons, is the subject of a takeover bid led by minor shareholder Indian Hotels
Orient-Express Hotels, the owner of Raymond Blanc's Le Manoir aux Quat'Saisons, is the subject of a takeover bid led by minor shareholder Indian Hotels
Taj Hotels Resorts and Palaces owner Indian Hotels has written again to Orient-Express Hotels, reiterating its desire to takeover the Le Manoir aux Quat'Saisons owner and revealing it would operate the business as a separate company if successful. 

Earlier this month the company, which forms part of the Tate Group, announced it was making a $1.86bn bid to take control of Orient-Express​ after holding a minority share for a number of years. 

In a letter sent to J. Robert Lovejoy, chairman of the board of directors of Orient Express Hotels, R.K. Krishna Kuma, vice-chairman of Indian Hotels, sought to explain his company's motives. He also expressed his desire to reassure the board that the takeover bid would not impact the quality of the Orient-Express brand.

"We are seeking to forge together an alliance between the two great names in the hospitality industry to significantly broaden the footprint of both companies and create a new global competitor in the luxury segment of the hospitality industry," he said.

"We want to reiterate that Orient−Express Hotels will remain a separate and independent company with standalone management and board of directors, as has been the policy and practice throughout the Tata Group."

Expressing the 'urgency' of the bid, the vice-chairman added he wanted to arrange a meeting - something he claimed Orient Express Hotels had previously not agreed to in the past because of the lack of a formal bid. 

Related topics: Business, Venues, Hotels

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