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A maritime investment company that is helping to launch a Ritz-Carlton brand cruise operation announced plans to expand through the purchase of niche cruise operator Sea Cloud Cruises. Douglas Prothero’s The Yacht Portfolio has entered into a letter of intent to acquire Sea Cloud Cruises of Hamburg, Germany suggesting that it could use the brand to expand its relationship with hotel and lodging giant Marriott International.
Sea Cloud is a unique niche operation in the cruise industry running one of the world’s most famous sailing vessels as well as two newer sail cruise ships. Started in 1979, the company markets cruises and charters of the 64-passenger sailing yacht the Sea Cloud. Launched in 1931 as the Hussar V, the three-masted barque was built in Kiel, Germany for U.S. heiress and businesswoman Marjorie Merriweather Post and her then-husband Wall Street tycoon E.H. Hutton…
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