Belmond Sees Slight Takeover Bounce in Third Quarter
Photo Credit: Belmond's Andean Explorere is one of a number of luxury train assets that the company has. Belmond
Skift Take
Now it's just a wait-and-see approach to see who will snap up Belmond's treasure trove of luxury assets.
For luxury hospitality company Belmond, letting the market know you might be up for sale has proven to be a boon.
On August 8, London-based Belmond announced it was exploring a possible sale of the company. Since the announcement, Belmond's share price has steadily risen from $11.15 a share on August 8 to $17.55 a share on November 6.
During the company's third quarter earnings call, however, executives remained tightlipped about the possibility of selling the company, or its valuable hotel assets that include some of the world's premier luxury properties. Yet the quarterly results showed improvement on greater brand awareness, e
