Deals
Royal Caribbean Has a $240,000 Cruise for You
- Cruise operator seeks ultra-rich guests with its largest deal
- Royal’s equity stake in Silversea Cruises valued at $1 billion
Photographer: Michael Nagle/Bloomberg
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If you have a quarter of a million dollars to spare, Royal Caribbean Cruises Ltd. will soon have a vacation for you.
The Miami-based cruise operator agreed to buy a 66.7 percent stake in closely held Silversea Cruises Ltd. based on an enterprise value of about $2 billion. The purchase price of the equity being acquired is approximately $1 billion. The deal will give the company new luxury offerings, including a stay in the Owner’s Suite that starts at $240,000 per person for Silversea’s World Cruise 2020, a 140-day trip around the globe.