January 21, 2010 (FinancialWire) — Orient-Express Hotels Ltd. (NYSE: OEH) said it has closed a public offering of 12 million class A common shares. Deutsche Bank Securities (NYSE: DB) and Barclays Capital (NYSE: BCS) acted as joint book-running managers.

The company said that the underwriters for the offering exercised in full their over-allotment option to purchase an additional 1.8 million class A common shares, bringing the total shares sold to 13.8 million at a price of $10.00 per share for gross proceeds of $138 million. Orient-Express Hotels Ltd. received net proceeds of approximately $131 million, after deducting underwriting discounts and estimated offering expenses.

Bermuda-based Orient-Express operates hotels, cruises and other luxury rail service in 25 countries.

The company owns, or part-owns and manages, 49 businesses. Of these, 39 are hotels. The company owns two restaurants; ‘21’ Club in New York and La Cabaña in Buenos Aires. Its six tourist trains include the Venice Simplon-Orient-Express in Europe, the Eastern & Oriental Express in South East Asia and The Royal Scotsman.

The company also part-owns and manages PeruRail in Peru, which operates, among other routes, the Cusco-Machu Picchu train services used by tourists to Peru.

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