Royal Caribbean Sells Azamara for $201 Million Caribbean Journal

 

Royal Caribbean Team has accomplished the sale of its Azamara brand name to Sycamore Companions, a personal fairness company, in an all-money transaction for $201 million. 

The sale included Azamara’s a few ships and associated mental assets, in accordance to a statement. 

Royal Caribbean Group reported the transfer would it to “focus on growing its Royal Caribbean Worldwide, Superstar Cruises and Silversea Cruises makes.”

“This results in massive possibilities for all events,” said Richard D. Fain, Chairman and CEO of Royal Caribbean Group. “In point, as we are inking this deal nowadays, Azamara currently has added a fourth ship to their fleet. I am confident that the brand’s results and progress trajectory will continue on less than the stewardship of Sycamore.”

Azamara had been Royal Caribbean’s upmarket cruise line the corporation is slated to include a fourth ship to its fleet up coming yr. 

“We seem forward to guiding and supporting Azamara in its up coming stage of expansion,” said Stefan Kaluzny, Handling Director of Sycamore Companions. “The brand’s large guest engagement, individualized services and one of a kind Location Immersion tactic, place it strongly for continued progress in the upmarket room.”

— CJ