Genting completes Crystal acquisition
Genting Hong Kong has completed the acquisition of ultra-luxury cruise line Crystal Cruises from Nippon Yusen Kabushiki Kaisha for $550 million.
The company also announced a new chairman for Crystal as well as promotions for some current members of the line’s senior management team.
Tan Sri Lim Kok Thay, executive chairman of the Genting Group and the former chairman of Norwegian Cruise Line, becomes chairman of Crystal Cruises, replacing Nobuyoshi Kuzuya who will return to NYK in a key executive position.
Edie Rodriguez, who was previously president and chief operating officer will be promoted to president and chief executive officer. Thomas Mazloum, a 20-plus year veteran of Crystal’s management team who was previously executive vice-president will be promoted to chief operating officer.
“Genting Hong Kong is delighted and honored to add Crystal to our global hospitality and leisure brands,” said Tan Sri Lim Kok Thay. “We will ensure Crystal’s reputation as ‘the world’s best and most awarded luxury cruise line,’ by maintaining its integrity and work to continue elevating its status as the highest standard of luxury cruising. The current management team and crew will continue to lead Crystal’s six-star operation while Genting will provide the financial resources and proven expertise in innovative ship design to deliver a new ultra-luxury ocean vessel by 2018.”
Edie Rogriguez added: “We are extremely grateful for the unwavering support of our former parent company, NYK and the wonderful leadership and guidance of Mr. Kuzuya.
“We look forward to ushering in a new era of luxury cruising with Genting Hong Kong’s support. With the support of GHK and its reputation for creating world-renowned leisure, entertainment and exquisite hospitality properties, Crystal is set to embark upon new opportunities that will expand our offerings for our guests and travel partners, as well as broader opportunities for our wonderful team of Crystal employees on land and at sea.”
Genting also owns the Asia-based cruise line Star Cruises.
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