Hotels Orient-Express rejects buyout offer, appoints CEO By Jerry Limone / November 08, 2012 Share 1 -- Orient-Express Hotels said Thursday that its board of directors rejected Indian Hotels Co.'s unsolicited proposal to buy the shares of Orient-Express that it doesn't already own. Also on Thursday, Orient-Express named a new CEO, John Scott III. Orient-Express said the $1.86 billion offer "significantly undervalues Orient-Express and its unique assets, and is not in the best interests of Orient-Express and its shareholders." Indian Hotels already owns about 7% of Orient-Express. Scott was president and CEO of Rosewood Hotels & Resorts for eight years; he stepped down from that position in August 2011. Philip Mengel had been serving as Orient Express' interim CEO since Paul White's resignation last June.