Orient-Express Hotels & the New York Public Library

HAMILTON, Bermuda, March 21, 2011 - Orient-Express Hotels Ltd. (NYSE: OEH, www.orient-express.com),
owners or part-owners and managers of 50 luxury hotel, restaurant, tourist
train and river cruise properties operating in 24 countries, today announced
that it has entered into an agreement to assign its purchase and development
agreements made with the New York Public Library in regard to the site of the
Donnell branch on West 53rd Street, New York City, to an affiliate of Tribeca
Associates, LLC and Starwood Capital Group Global, LLC.

The assignee is an affiliate combining significant hotel and real estate
development expertise. It will assume all the terms and obligations of the
original contract made between Orient-Express Hotels and the New York Public
Library, including the reimbursement of all previous payments made by
Orient-Express Hotels and the assumption of all future payments. Tribeca
Associates and Starwood Capital Group Global intend to build a world-class
hotel on the site, which is across from New York's Museum of Modern Art.

Paul White, President and Chief Executive of Orient-Express Hotels Ltd.
said, "Whilst economic circumstances prevented us from pursuing this
development, we are delighted to see the project going ahead. We are pleased
to recover our deposits, which will further help strengthen our balance
sheet."

"We're pleased that Tribeca Associates and Starwood Capital Group Global
are moving forward on the terms of the existing contract, including the
construction timetable. We will receive the full sale proceeds and are
excited that we will have a wonderful new library in that location in the
shortest time possible," said Angela Montefinise, Public Relations Director
of the New York Public Library.

About Orient-Express Hotels Ltd.

Orient-Express Hotels Ltd., listed on the New York Stock Exchange, ticker
OEH, engages in the hotel, tourist train and cruise ship business.
Orient-Express Hotels owns and manages 50 famous properties in 24 countries,
including the Hotel Cipriani in Venice, the Copacabana Palace in Rio de
Janeiro, the Mount Nelson in Cape Town, and the Charleston Place in
Charleston, S.C. In addition, it owns the Venice Simplon-Orient-Express and
Eastern & Oriental Express tourist trains, '21' Club in New York City and the
"Road to Mandalay" cruise ship in Burma.

About Starwood Capital Group Global, LLC

Starwood Capital Group is a private, U.S.-based investment firm with a
core focus on global real estate. Since the group's inception in 1991, the
firm, through its various funds, has invested nearly $8 billion of equity
capital, representing over $25 billion in assets. Starwood Capital Group
currently has approximately $16 billion of assets under management. Starwood
Capital Group maintains offices in Greenwich, Atlanta, San Francisco,
Washington, D.C., and affiliated offices in London, Luxembourg, Paris,
Mumbai, Tokyo and Sao Paulo. Starwood Capital Group has invested in nearly
every class of real estate on a global basis, including hotels, resorts,
office, retail, residential, senior housing, golf and industrial assets.
Starwood Capital Group and its affiliates have successfully executed an
investment strategy that includes building enterprises around core real
estate portfolios in both the private and public markets. Additional
information about Starwood Capital may be found at
www.starwoodcapital.com.

About Tribeca Associates, LLC

Founded in 2000, Tribeca Associates LLC is a real estate investment and
development firm focused on creating value through its extensive expertise in
acquiring and developing a broad spectrum of real estate assets including
commercial, residential and hospitality properties. Tribeca specializes in
acquisitions, development, financing, leasing, property management, and
construction oversight. Tribeca and its institutional capital partners have
invested over one billion dollars in the past decade.

    Contact:

    Martin O'Grady
    Vice President, Chief Financial Officer
    T: +44-20-7921-4038
    E: martin.ogrady@orient-express.com

    Vicky Legg
    Director, Corporate Communications
    T: +44-20-7921-4067
    E: vicky.legg@orient-express.com

    Michele de Milly
    Geto & de Milly, Inc.
    T: +1(212)686-4551
    E: mdemilly@getodemilly.com

Contact: Martin O'Grady, Vice President, Chief Financial Officer, T: +44-20-7921-4038, E: martin.ogrady at orient-express.com ; Vicky Legg, Director, Corporate Communications, T: +44-20-7921-4067, E: vicky.legg at orient-express.com ; Michele de Milly, Geto & de Milly, Inc., T: +1(212)686-4551, E: mdemilly at getodemilly.com