Orient-Express Partners with Related Group

MIAMI-Orient-Express Hotels Ltd. announced Tuesday that it will establish a 50/50 strategic partnership with the Related Group to develop luxury hotels and residences. Initial projects are slated for South Beach locally as well as Colombia and Panama.

The letter of intent signed between the two parties covers plans to build and operate multi-use projects including hotel, branded residential and commercial components. The agreement is non-binding until negotiations are completed over the next 90 days.

Initial projects over the next three years include a hotel with 28 luxury living units in South Beach’s fashionable “South of Fifth” area; an oceanfront hotel in Cartagena, Colombia; and a hotel along Panama City’s Avenida Balboa that will be part of a major city-led waterfront development. Hamilton, Bermuda-based Orient-Express will manage each of the hotels.