RCL completes acquisition of Silversea majority stake

Friday, 02 Aug, 2018 0

The Royal Caribbean Cruises Ltd family has a new member.

RCL completed its acquisition of a two-thirds stake in Silversea, which effectively takes its fleet of ships to 59.

It also gives RCL an ultra-luxury brand.

We are proud to officially welcome Silversea’s industry-leading team to the RCL family," said Richard D. Fain, chairman and CEO of RCL.

"This is a dynamite combination and we can’t wait to work with Manfredi, Roberto and the entire team as together we take Silversea to the next level."

That will begin with the newly announced Project Invictus ship revitalization for the Silversea fleet which will add enhancements and product upgrades over several years.

RCL now has a 66.7% equity stake in Silversea, worth about $2 billion, while Manfredi Lefebvre d’Ovidio holds on to the remainder and continues as Silversea executive chairman.

"Our intent is to solidify our already strong leadership position with an exciting array of upgrades that thrill our guests," said Roberto Martinoli, Silversea CEO.

The first will be on the Silver Muse later this month with an upgraded champagne and caviar program.

Siversea joins the RCL family of brands which comprises Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, TUI Cruises and Pullmantur.

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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