Carlson Sells Regent Seven Seas to Apollo Management

Apollo Management, owner of Norwegian Cruise Line and Oceania Cruises, has purchased Regent Seven Seas Cruises from Carlson. Regent Seven Seas and Oceania will be placed in a corporation named Prestige Cruise Holdings, and NCL Corp. will remain a separate entity outside PCH. Not much else will change, according to Apollo. Mark Conroy will remain president of Regent, which will continue to operate out of Fort Lauderdale, FL, while Oceania Cruises will remain in Miami, headed by Bob Binder. Other core management and key personnel are staying with the company, Conroy said, adding that existing fares and published schedules also will remain in place.

"The success of Regent Seven Seas Cruises and our new sister brand has been driven by you and the agency community as a whole," Conroy said in a letter to agents announcing the acquisition. "Regent Seven Seas Cruises and Oceania Cruises are both renowned for their relationship with the agency community and that is something that will only get stronger as we build new ships, chart new destinations and explore new opportunities with our travel partners." Visit www.theregentexperience.com. (JM)

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