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

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

Regent Seven Sea Cruises’ Navigator is ready to turn into the primary ship of the Crescent Seas fleet. Crescent Seas introduced in an Instagram publish 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 serious refurbishment in 2016. In its present kind, it has eight decks, 248 suites, a pool, and a placing inexperienced.

After the refurbishment, it can function 210 personal residences, providing patrons the prospect to buy houses and stay on board because it travels the globe.

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

He mentioned house owners can pay upkeep charges beginning at $210,000 a 12 months, which is able to cowl butler service, meals, housekeeping, and entry to Starlink web.

Gross sales of the luxurious residences are set to start on April 9 this 12 months.

A spokesperson for Regent confirmed in an e-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 closing voyage underneath Regent is scheduled to depart on October 2 subsequent 12 months, from Turkey to Egypt.

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

Galbut advised 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 mentioned the design corporations 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 price between $2 million and $15 million every.

The World is supplied with a big spa, a tennis courtroom, and customized concierge providers.

Peter Antonucci, who lived on The World for six years, advised BI final 12 months that it’s just like the “4 Seasons on Steroids.”