| Date Published: November 14, 2001 |
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| New Rembrandt Timeshares |
Premier’s Rembrandt-nee-Holland America’s Rotterdam V, which was last heard
from when it was seized by Premier creditors in Freeport, the Bahamas, has
been given a new lease on life. Cruiseshares, a S. Florida-based company,
announced today that it had purchased the ship (still languishing in
Freeport) via a contract signed last week and will create cruise-dom’s only
time-share-at-sea. Cruiseshares president Stanley Priskie declined to
reveal the cost of buying the ship.
Unlike Residensea, which is a condo-at-sea project, Cruiseshares’ Rembrandt
(they’re keeping the name) will be patterned after traditional time share
ownership. Priskie says cabins will sell at prices ranging from $10,000 -
$25,000; that one-time fee entitles purchasers to a one week’ cruise every
year. There’s an additional annual maintenance cost of about $875 for each
cabin. The sales effort is slated to begin in two weeks, Priskie says, and
Cruiseshares expects to receive delivery of Rembrandt in mid-May. “The ship
needs to go through a drydock and then will be delivered to us ready to
sail,” he says.
Otherwise, a lot of details are up in the air at this point. The ship,
according to Priskie, is in good shape -- the circa 1958 Rembrandt received
an overhaul from Premier in 1999 -- and may need just a few cosmetic
touches. He’s not clear about an itinerary though predicts it will center
around the Caribbean with a home port somewhere in that region rather than Florida. The company plans to outsource maritime and hotel operations.
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