Genting Hong Kong acquires Crystal Cruises for $550m

Genting Hong Kong has completed the acquisition of Crystal Cruises from Nippon Yusen Kabushiki Kaisha for a total transaction of US$550 million.

GHK also announced a new chairman of Crystal and promotions for Crystal’s current senior management team, guaranteeing a streamlined transition and virtually no interruption in operations and ensuring award-winning service.

Established in 1993, GHK is part of the Genting Group, a global hospitality and leisure company with business in over 20 countries, including the United States in New York, Florida and Nevada. GHK wholly owns Star Cruises and is a major shareholder of Norwegian Cruise Line

Since Crystal Harmony’s retirement in 2005, the line has operated its enriching global itineraries with the two remaining ships, often pioneering cruise ship access to ports and experiences throughout the world.

Continuing innovative momentum, in 2016, Crystal will be the first large luxury cruise line to navigate the elusive Northwest Passage, while in 2018, the cruise line will expand its coveted World Cruise portfolio with four separate global itineraries.

Crystal Cruises sold to GHK