BWI: Club Alanzo Cruises Project to Divest 58%, Seeks Partner

Press release from Business Wire India
Source: BRUS CHAMBERS
Monday, June 29, 2009 11:25 AM IST (05:55 AM GMT)
Editors: General: Consumer interest, Lifestyle; Business: Banking & financial services, Business services, Financial Analyst, Heavy industries, Hospitality, Stock exchanges
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Club Alanzo Cruises Project to Divest 58%, Seeks Partner


Mumbai, Maharashtra, India, Monday, June 29, 2009 -- (Business Wire India) -- Alanzo I and Alanzo II are the two traditional wooden ships under Club Alanzo Cruises and are expected to be the luxuriest traditional wooden ships, these ships are also known as Chinese junks. Alanzo I, which is 49.5 m (162.40 ft) long, will accommodate 12 passengers while Alanzo II, which is 160 m (524.93 ft) long, can accommodate about 160/ 200 passengers. Club Alanzo Cruises is seeking project partner and the volume of the investment for Club Alanzo Cruises comprising of Alanzo I and Alanzo II is estimated to be about Euro 250 million, this includes the construction cost and one year running of the cruises.

The promoters are willing to divest 58% stake in the project and has already invested Euro 1.3 million.

The ships in the Club Alanzo series represent a unique and new concept at an international level. They combine the Chinese traditional wooden shipbuilding design of the junks with luxury interiors inspired by various traditional cultural styles by taking advantage of the advances of modern technology. This combination results in the production of ships in the 'extra' class which are solely intended for clients in the growth markets of luxury cruises and luxury chartered yachts.

The first ship Alanzo I that is currently being constructed, occupies a niche in both market segments because of its design, the way in which she is constructed will offer the comfort of a cruise traveling to some of the most beautiful areas of the world which have previously only been accessible to smaller sailing yachts. Both the ships are really innovative which can also act as catalysts for economic success.

Alanzo II, although planning and design of the cruise is ready, is now waiting to start its construction work. The implementation phase for this ship will start once Alanzo I have been put into service or may be earlier. This vessel historically was first built during 1405-1435 known as Zheng He treasure ships in the fleet of Chinese Admiral Zheng.

Both the ship is completely made of wood and is a reproduction of a historic and pirate Chinese junk.

Project manager Ms. Shweta Jain states that the ships will be repositioned at Europe and will be based in Barcelona for cruises to Nice, Cannes, Monaco or the Balearic Islands. From January to the end of May, the ships are mainly to be used in the Caribbean before it moves to the Mediterranean. Ms. Jain also one percent equity holder states that it makes more business sense to divest to a professionally managed equity partner preferably who can share its expertise and backed with strong financial support in a professional manner as the project clientele is targeted for the high-end market and there exist a vacuum for this segment.

Partners of Brus Chambers, Solicitors, and the best-known shipping law firm are also partners and advisers to this project.

The project has already hotel partnered with Dubai's iconic Burj Al Arab and the Sandy Lane hotel in St James, Barbados. The emphasis remains largely on the luxury end of the market.

A Goettingen, Germany born conceptualiser and Promoter, Mr. Alanzo Langecker. holds the right to the ships. A new company is proposed to be established and subsequently the title rights for the wooden ship will be transferred to the new company. Mr. Langecker states that the project is conceptualized to sail as a luxury ship and the whole business idea is centered around building heritage replica vessels.

More details at http://www.alanzo.de/cruises.php

To view the Alanzo II, please click on the link given below:

Alanzo II
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/pIC_1(4).gif
pIC_1(4).gif


CONTACT DETAILS
Shrikant Hathi, Brus Chambers, +91 (22) 22659969, shrikant@bruschambers.com

KEYWORDS
CONSUMER, LIFESTYLE, BANKING, BUSINESS SERVICES, Financial Analyst, HEAVY INDUSTRIES, HOSPITALITY, STOCK EXCHANGES

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