Bermuda-based Orient-Express Hotels Ltd. suffered a net loss of $800,000, or one cent per share, on revenue of $173.4 million during the second quarter of 2010.

That compared to a net loss of $24.3 million, or 36 cents per share, on revenue of $129.4 million in the second quarter of 2009

But the hotel company also boosted it total revenue, excluding real estate, by 13 percent or $16.6 million to $146 million during the second quarter, while revenue from owned hotels was up 15 percent to $118.1 million and adjusted EBITDA before real estate rose 22 percent to $32.4 million.

Among the key events for the company over the second quarter were the opening of the Grand Hotel Timeo and Villa Sant'Andrea in Taormina, Sicily in May following initial renovations, the completion on the sale of La Cabaña, Buenos Aires for $2.7 million, and a further $3.9 million received from the defendants in the "Cipriani" trademark litigation, with deferred payment terms agreed over five years for the remaining $9.8 million

Also, since July 1, all PeruRail services have been restored on the Cuzco-Machu Picchu line following the devastation of the track due to floods in January, with limited operations, supported by coach services during that period.

Net earnings from continuing operations for the period were $1 million, or one cent per share, versus a net loss of $2.5 million, or four cents per share, in the second quarter of 2009.

On June 1, the Bermuda Supreme Court upheld the Company's class B shareholding structure and dismissed the petition filed in early 2009 by two hedge fund groups challenging that structure. One of them has indicated an intention to appeal this judgment.