HAMILTON, BERMUDA— Sea Containers Ltd. has announced that it is selling 2.75 million class A common shares of Orient-Express Hotels, which will reduce the company’s equity in Orient-Express Hotels to less than 50%. The shares are being sold at $12.75 each, with the intention to raise approximately $35 million in gross proceeds that will be used to repay outstanding indebtedness and for other corporate purposes. Orient-Express Hotels will receive no proceeds from the sale.
