Cruises
Ritz-Carlton Yachts Refinanced as Brand Works to Build Ultra-Luxury Segment
The Ritz-Carlton Yacht Collection secured a complex refinancing package to avoid debt calls and covenant breaches, with controlling shareholders committing an additional $275 million in equity investments. The company has accumulated nearly $700 million in losses since 2017 and is targeting profitability in 2027, while competing with Four Seasons, Accor Group's Orient Express, and other luxury brands entering the ultra-luxury cruise segment.
