Travel
Ritz-Carlton Yacht Collection Targets IPO and More Ships in Major Expansion
At least two of Marriott’s other luxury hotel brands have emerged as frontrunners for future ships, and a public offering is planned within three years.
The Evrima yacht
Photographer: Christopher CypertMarriott is doubling down on cruising, not just with its Ritz-Carlton Yacht Collection but with other hotel brands, too. Along the way, it plans to expand from three ships to as many as 10—some superyachts, some not.
The Collection—which licenses the Ritz-Carlton name from Marriott International Inc.—is also eyeing an initial public offering within three years, Jim Murren, the company’s executive chairman and chief executive officer, said Tuesday in an interview with Bloomberg.