Paul Gauguin Cruises, operator of the luxury cruise ship in the South Pacific, announced that the company has been acquired by Pacific Beachcomber. Paul Gauguin Cruises operates the luxury cruise ship MS Paul Gauguin, featuring itineraries among the islands of Tahiti, French Polynesia and the South Pacific. "The acquisition of Paul Gauguin Cruises by Pacific Beachcomber is a most positive development for our company, our Travel Agent partners and valued guests, and for the tourism industry of French Polynesia," said David A. Giersdorf, President and CEO of Paul Gauguin Cruises. "The MS Paul Gauguin is a very successful ship, sailing at full occupancy the past three years, and with only 5 percent of capacity remaining in 2009.