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Fred Mayer News

11 Jan 2001

Commodore Holdings Files For Bankruptcy

Florida cruise company Commodore Holdings Ltd. is the latest cruise company to succumb to the crunch from a financial crisis, as it filed for Chapter 11 bankruptcy reorganization in late December and immediately was forced to suspend operation of its three ships. The Hollywood, Fla.-based company said it was unable to negotiate an agreement with its mortgage lenders in time to avoid canceling cruises aboard its ships the Enchanted Capri and the Enchanted Isle which sail out of New Orleans and the Crown Dynasty which sails out of Aruba. "We deeply regret having to take this action, but we had no other choice," Commodore CEO Fred Mayer said in a news release.

07 Sep 1999

Commodore to Operate Cruises from San Diego

Commodore Holdings is reportedly in negotiations for the purchase of its fourth ship, which it plans to operate on twice-daily gambling cruises between San Diego and Rosarito, Mexico. Commodore has a letter of intent granting it exclusive rights to a new Rosarito pier for 10 years, with an option for an additional 10 years. Pier construction has begun, and could be finished by February 1999. The line is "in the final stages of negotiations to acquire a 1,000-passenger vessel to service the new route," said Commodore CEO Fred Mayer. For information on subscribing to the Guide to Riverboat and Shipboard Gaming Legislation, contact the Transportation Institute at 5201 Auth Way, Camp Springs, Md. 20746; tel: 301-423-3335.