Royal Caribbean Group to sell Azamara for $201 Million
Royal Caribbean Group announced today the selling of its luxury cruise line Azamara for $201 million to the private-equity firm Sycamore Partners. The three-ship Azamara brand established 13 years ago has created a tremendous group of loyal followers of cruisers over the years. Azamara raise the bar in the cruise industry under the guidance of Larry Pimentel, President & CEO of Azamara with longer stays and more overnights in ports worldwide.