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. More From Hotels Comments Related Four Seasons Resort Lanai reopens after overhaul Four Seasons resort coming to Napa Valley Marriott touts Renaissance New York as 'living digital hotel'