Belmond acquires, leases and/or manages only distinctive properties in areas of outstanding cultural, historic or recreational interest in order to provide luxury lifestyle experiences for the discerning traveler. The locations of Belmond's 46 properties operating in 24 countries are shown in the map on the preceding page. Belmond currently owns, partially-owns and/or operates 46 properties (including the Belmond Cadogan Hotel in London, England, which opened on February 28, 2019), consisting of 36 highly individual deluxe hotels, one stand-alone restaurant, seven tourist trains and two river/canal cruise businesses. This portfolio includes one long-term leased hotel in Bali, Indonesia where the owner dispossessed Belmond from operation of the hotel in November 2013 (see Item 3-Legal Proceedings). The Company’s predecessor began acquiring hotels in 1976 and organized the Company in 1994. Belmond is a leading luxury hotel company and sophisticated adventure travel operator with exposure to both mature and emerging national economies.
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