The A&K Travel Group — the company owned by Geoffrey Kent, CEO of tour operator Abercrombie and Kent, and industrial holding corporation Heritage — has acquired cruise ships Crystal Serenity and Crystal Symphony in addition to the Crystal Cruises brand.
Both Crystal Serenity and Crystal Symphony were acquired at an auction with the former ship going for $25 million while the latter was sold for $103 million. A&K said the two ships will resume service next year after undergoing extensive refurbishment and will operate under the Crystal Cruises brand. Crystal Cruises had ceased operations in January this year following the collapse of parent company Genting.
Crystal Symphony and Crystal Serenity ships were both seized in the Bahamas by U.S. marshals the following month after a federal judge issued an arrest warrant for Crystal Symphony. A lawsuit alleged Crystal Cruises had more than $4 million of unpaid fuel bills.
Tags: abercrombie & kent, abercrombie and kent, acquisitions, cruise, cruise industry, cruises, crystal cruises, mergers and acquisitions