Belmond Hotels

Belmond Ltd. (NYSE: OEH, belmond.com ("Belmond" or the "Company"), owners, part-owners or managers of 45 luxury hotel, restaurant, tourist train and river cruise properties operating in 22 countries, today announced that it has signed a management agreement with Cadogan Estates Limited to operate The Cadogan, a 64-key hotel on Sloane Street in the heart of Chelsea, London, as part of the Company's collection of luxury hotels and travel experiences.

The agreement comes at an exciting time in the 127-year history of The Cadogan, as the hotel will close at the end of the month to undergo a $48 million investment project. The fully renovated and re-conceptualized Belmond Cadogan will open in summer 2016. Working in tandem with Belmond and Blair Associates Architects, Cadogan Estates will fund the redevelopment, which will include the complete refurbishment of all public areas and the reconfiguration of 64 keys to 54 in order to accommodate demand from luxury travelers for larger junior suites and suites. The interior design project will be carried out by the London office of GA Design International, experts in international luxury hospitality design.

Built in 1887 in the Queen Anne style, The Cadogan has played an integral role in the social history of the Kensington and Chelsea area. The design project will draw inspiration from the beautiful architectural character of The Cadogan and surrounding neighborhood as well as the hotel's rich heritage, creating a stylish retreat and meeting place for international visitors and the local community. Belmond Cadogan will also offer a new gourmet dining experience opening out onto Sloane Street with views of Cadogan Place Gardens, taking advantage of the hotel's superb location at the heart of one of London's most vibrant and affluent retail areas.

"With its incredible heritage, unrivaled location and contemporary classic design, Belmond Cadogan will be renowned for its understated glamor and unique character, as well as for its standards of excellence in service and hospitality," said John M. Scott, President and Chief Executive Officer of Belmond Ltd. "We are very pleased to be working together with Cadogan Estates on what will become one of London's foremost luxury hotels and to be partnering with an owner who shares our vision for offering authentic and one-of-a-kind luxury travel experiences."

Hugh Seaborn, Chief Executive of Cadogan Estates, commented, "The Cadogan has a colorful history – once home to Lillie Langtry where she courted the future King of England and also the location of Oscar Wilde's infamous arrest – and a wonderful future. With its depth of experience overseeing the sensitive renovation of historic buildings and track record in luxury hospitality, Belmond is the perfect partner for us to preserve The Cadogan's unique heritage, while evolving the hotel into a luxury retreat for today's luxury traveler. It fits perfectly with Sloane Street's international cachet and our vision and strategy for ensuring it becomes the most exclusive and luxurious shopping street in the world."

Belmond owns and operates four other businesses within Great Britain: the Belmond British Pullman, Belmond Northern Belle and Belmond Royal Scotsman luxury rail experiences, as well as Belmond Le Manoir aux Quat'Saisons, a 32-key hotel and two-Michelin star restaurant in Oxfordshire.

About Cadogan

The Cadogan Estate has been in the same family ownership for more than 300 years and spans 93 acres of Chelsea and Knightsbridge. At the heart of London's most fashionable districts to live, work and play the estate includes some of the world's finest retail and leisure destinations, Sloane Street, the King's Road and Duke of York Square. The foundations of the Cadogan Estate were established in 1717 when Charles, 2nd Baron Cadogan (1685-1776) married Elizabeth Sloane, daughter of Sir Hans Sloane (1660-1753) who had purchased the Manor of Chelsea in 1712. The Cadogan Group Limited is the holding company for the property investment business of the family of Earl Cadogan. The company is owned by a number of charitable and family trusts. cadogan.co.uk

About LVMH Management

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de Mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia, Ao Yun, Château d'Esclans, Château Galoupet and Joseph Phelps. Its Fashion and Leather Goods division includes Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA, Patou. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna, Maison Francis Kurkdjian and Officine Universelle Buly. LVMH's Watches and Jewelry division comprises Bulgari, Tiffany & Co., TAG Heuer, Chaumet, Zenith, Fred and Hublot. LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Groupe Les Echos, Cova, Le Jardin d'Acclimatation, Royal Van Lent, Starboard Cruise Services, Belmond and Cheval Blanc hotels.