Royal Caribbean has announced they are selling its Azamara cruise line brand.
According to Business Insider, the company will sell the line to Sycamore Partners for $201 million.
The Azamara deal is the latest in a series of cruise industry disruptions amid the COVID-19 pandemic.
The Azamara sale is a cash transaction between Royal Caribbean and Sycamore Partners, a private equity firm.
Sycamore will then own the cruising brand and its fleet of three ships.
