Ritz-Carlton Ultra-Luxury Cruise Brand Seeks up to $400 Million to Add Ships: Report
Key Points
- The Ritz-Carlton Yacht Collection seeks up to $400 million to expand its fleet with two additional superyachts.
- The brand's first ship, Evrima, launched in October 2022, with Ilma debuting this year and Luminara planned for 2025.
- Cruise fares start around $3,100 per person per night, featuring Michelin-starred dining and itineraries in the Mediterranean, Caribbean, and Central America.
Summary
The Ritz-Carlton Yacht Collection, backed by investors like Oaktree Capital Management, is looking to raise up to $400 million to add two superyachts to its fleet, which currently includes the Evrima, Ilma, and the upcoming Luminara. With fares starting at $3,100 per person per night, the yachts offer luxurious experiences with Michelin-starred dining and itineraries across the Mediterranean, Caribbean, and Central America.
The Marriott-controlled ultra-luxury superyacht brand The Ritz-Carlton Yacht Collection would like to raise as much as $400 million to add two superyachts to its current three, Bloomberg News reported on Wednesday.
The operator is backed by investors such as Oaktree Capital Management. Its first ship, the 298-guest Evrima, set sail in October 2022, with the Ilma debuting this year and a third vessel, Luminara, in the works for 2025.
Fares start around $3,100 per person per night for sailings starting at four-night itineraries in the Mediterranean, Caribbean, Central America, and elsewhere. Onboard dining venues include Michelin-starred chefs. (See Bloomberg's review of the Evrima for more.)
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