Posh Resort Hotel News

American Classic Voyages (AMCV) has reached an agreement with Holland America line to buy MS Nieuw Amsterdam for $114.5 million, contingent upon various conditions expected to be resolved by this coming fall. A unit of Carnival Corporation, Holland America Line is scheduled to transfer the 1,214-passenger cruise ship to AMCV during fall 2000. AMCV plans to re-document Nieuw Amsterdam as a U.S.-flag vessel, complete with American crew, to sail the Hawaiian Islands as part of the company's Project America - the result of the U.S.-Flag Cruise Ship Pilot Project Statute passed by Congress in 1997. The project, which is expected to create more than 5,000 American jobs, is based on the goal of the revitalization of the U.S.-flag oceangoing cruise ship fleet.