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Royal Caribbean to sell its Azamara brand including 3 ships for $201 million as the company continues to push back 2021 sail dates

Azamara Question in 2017.

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Royal Caribbean is selling its Azamara cruise line for $201 million while cruises in the US remain docked during the COVID-19 pandemic, the company announced Tuesday. 

Sycamore Partners, the private equity firm purchasing Azamara in cash, will own the cruising brand and its fleet of three ships after the purchase is completed by the end of the quarter. Carol Cabezas, Azamara’s COO, will serve as president of the cruise line. 

“Azamara remains a strong brand with its own tremendous potential for growth,” Richard Fain, chairman and CEO of the Royal Caribbean Group, said in read more ⇒

Source:: BusinessInsider.Com

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