NEWS: Sycamore Partners, a leading private equity firm, announced plans to add a sister ship – the former Pacific Princess launched in 1999 – to the current fleet of Azamara Journey, Azamara Quest and Azamara Pursuit.
Following a full-ship renovation, the fourth ship is scheduled to sail for its inaugural season in Europe in 2022.
This Pacific Princess news follows an announcement that Sycamore Partners has entered into a definitive agreement to acquire Azamara, presently under the portfolio of Royal Caribbean. The deal is expected to close in Q1 this year.
“The addition of the Pacific Princess is an important milestone and reflects Sycamore Partners’ commitment to supporting Azamara in its next phase of growth,” said Stefan Kaluzny, Managing Director of Sycamore Partners. “Expanding the fleet will allow Azamara to continue to serve loyal customers, as well as those new to the brand, with more unique Destination Immersion programming and itineraries.”
The additional ship Pacific Princess is comparable in size to Azamara Pursuit, Azamara Journey and Azamara Quest, expanding the fleet’s overall capacity by 33 percent. With this ship, guests will have the opportunity to visit unique, smaller ports and have a more intimate experience. Together, the four ships will support Azamara’s commitment to enrich immersion around the world.
“We are thrilled to be expanding our fleet with a fourth ship, allowing us to visit even more regions of the world and better serve our guests,” said Carol Cabezas, President of Azamara. “We look forward to launching even more unique and immersive itineraries and feel this is just the beginning of an exciting growth phase for Azamara.”
Prior to launch, the fourth ship will undergo an extensive refurbishment to match its sister ships and Azamara’s upmarket position, as well as offer unique onboard elements. These updates will be similar to the renovations introduced most recently on Azamara Pursuit, bringing guests the experience of a boutique hotel at sea.
Information about deployment and itineraries for the newest ship will be available soon.
Sources: Sycamore Partners/Princess Cruises
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