Cruise Ship Set for $70M Makeover Into Properties-at-Sea for Ultrawealthy

A two-decades-old cruise ship is present process a multimillion-dollar renovation to turn into a floating residential neighborhood for the ultrawealthy.

Regent Seven Sea Cruises’ Navigator is about to turn into the primary ship of the Crescent Seas fleet. Crescent Seas introduced in an Instagram submit that the ship is scheduled to set sail on December 31, 2026, following a $70 million renovation.

Initially constructed in 1999, the Navigator underwent a significant refurbishment in 2016. In its present type, it has eight decks, 248 suites, a pool, and a placing inexperienced.

After the refurbishment, it’s going to characteristic 210 personal residences, providing consumers the prospect to buy houses and stay on board because it travels the globe.

Russell Galbut, the cofounder of actual property improvement agency Crescent Heights, which launched Crescent Seas, informed Bloomberg that the value of houses on the ship will vary from $750,000 to $8 million.

He stated homeowners can pay upkeep charges beginning at $210,000 a yr, which can cowl butler service, meals, housekeeping, and entry to Starlink web.

Gross sales of the posh residences are set to start on April 9 this yr.

A spokesperson for Regent confirmed in an electronic mail to Enterprise Insider that the Seven Seas Navigator will depart its fleet on October 14, 2026, as a part of the phrases of a brand new long-term settlement with Crescent Seas.

The ship’s remaining voyage beneath Regent is scheduled to depart on October 2 subsequent yr, from Turkey to Egypt.

They added that company whose journeys are canceled because of the settlement will obtain a full refund.

Galbut informed Bloomberg that Crescent Seas is negotiating with three different ships and is in talks to fee a brand new vessel as a part of long-term plans to develop extra choices for residential dwelling at sea.

The corporate’s web site stated the design companies MAWD, Lissoni & Companions, and Journey will lead the Navigator’s redesign.

Luxurious residential cruise ships exist already, together with the Villa Vie Residences, the place villas on board begin at $129,999, and The World, the place condos value between $2 million and $15 million every.

The World is provided with a big spa, a tennis court docket, and personalised concierge providers.

Peter Antonucci, who lived on The World for six years, informed BI final yr that it’s just like the “4 Seasons on Steroids.”