SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                       ----------------------------------

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



Date of report (Date of earliest event reported) September 25, 2001
                                                 ------------------

                           ORIENT-EXPRESS HOTELS LTD.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                     Bermuda
--------------------------------------------------------------------------------
                 (State or other jurisdiction of incorporation)

        1-16017                                       98-0223493
--------------------------------------------------------------------------------
(Commission File Number)                     (IRS Employer Identification No.)

         41 Cedar Avenue
         P.O. Box HM 1179
         Hamilton HMEX, Bermuda
--------------------------------------------------------------------------------
        (Address of principal executive offices)    (Zip Code)

                                  441-295-2244
--------------------------------------------------------------------------------
         (Registrant's telephone number, including area code)



--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)







ITEM 5.  Other Events

On September  25, 2001,  Orient-Express  Hotels Ltd.  announced its intention to
acquire up to 1 million of its  outstanding  class A common  shares in open mark
transactions.  The company's Chairman, James B. Sherwood, also announced that he
and the company's President,  Simon M.C. Sherwood,  were also making open market
purchases  of shares for their own accounts  additional  to the shares which the
company planned to buy.

To date,  Orient-Express  Hotels  has  purchased  100,000  of its class A common
shares which will be promptly  cancelled and credited to authorized but unissued
share capital, James B. Sherwood has purchased 50,000 shares (bringing his total
beneficial  ownership to 182,300  shares) and Simon M.C.  Sherwood has purchased
4,300 shares (bringing his total beneficial ownership to 14,400 shares).



                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                            ORIENT-EXPRESS HOTELS LTD.



Date:  October 4, 2001                      By: /s/ E.S. Hetherington
                                                ---------------------
                                                Edwin S. Hetherington
                                                Secretary








                                       2