LVMH Moët Hennessy Louis Vuitton is all set to acquire London-based luxury hotel brand Belmond Group for $3.2 billion. LVMH is to acquire Belmond for $25.00 per Class A share in cash. This represents an equity value of $2.6 billion in a transaction with an enterprise value of $3.2 billion.
Through this acquisition, LVMH will significantly increase its presence in the ultimate luxury hotel world. Synonymous with history, heritage and timeless experiences, Belmond has a seasoned management team and is an ideal complement to the Cheval Blanc maisons, renowned for their exceptional service, architecture and unique gastronomy.
Belmond owns and operates 46 hotel, restaurant, train and river cruise properties in 24 countries.
LVMH’s latest deal is the largest purchase since it spent $4.8 billion to buy Bvlgari in 2011.
