Published at Wednesday, May 30th 2018. by noah seihan in Cruise Ship Cabins.
Many cruise ships today have standard cabins of similar size and accoutrements with the price differential being the location. The least expensive inside standard cabins on a mainstream cruise ship run from about 120 square feet to 180 square feet. Since most cruise ships are relatively new or have been refurbished the cabins usually are tastefully decorated with twin beds that can be pushed together to make a queen-sized bed for couples. The cruise staterooms have wall-to-wall carpeting individually controlled air conditioning/heating dresser or storage space closet telephone and satellite television. The television usually has news sports local on-ship channels for broadcasting information on shore excursions or from guest lecturers and movies.
Let`s look at the numbers on this ship. 100% of the acquisition cost would have been $500000. 1% thus = $5000. One hundred buyers could own one percent each. There are 120 cabins so each co-owner could have a private cabin with 20 cabins left over. However these cabins are a bit on the small side. Every cabin does have a bath and shower but the size is just too small to be comfortable for most people especially if the owners intend to live onboard full time. On a ship this size I would recommend that there be no more than 60 joint owners so each can have two cabins and will have the option of converting those two cabins into a two room suite. To keep the numbers simple lets say that this ship has 50 buyers who each buy 2% of the ship. Buy in cost per owner would then be $10000. If there were only ten buyers then the acquisition cost per buyer would be $50000. $50000 will not buy much of a house on land but on this ship it would buy 10% of a ship like the Vergina Sky and twelve cabins that could be converted into a fairly large home.
After acquiring the ship it will require some more investment to put it into service. At this point the joint owners will need to reach some agreements on many points. The cost of putting a cruise ship into service as a megayacht (very large private yacht) is much less than putting the ship into commercial service. However if you can afford to buy a ship can easily meet SOLAS 2010 requirements and can afford to flag and register it as a commercial ship then you can use the ship commercially to produce income and ROI (return on investment).
It may be hard to believe but the show by the Blue Man Group actually exceeds NCL`s hype! It was the most unique (... yes I`m using that word again... ) and professional act I`ve seen on any cruise ship. Thoroughly funny and entertaining I would rather see that show night after night than to sit through some of the same old Broadway song-and-dance shows I`ve seen on so many other cruise ships. The Blue Man performance was in the ship`s main theatre which considering the size of the Epic was relatively small (with a seating capacity of under 600 people). However despite that fact the theatre was not packed because consistent with NCL`s concept of Freestyle Cruising the Epic was designed with multiple entertainment venues each offering a different show.
Do the math. If one hundred buyers pool resources in exchange for a percentage of ship ownership the acquisition cost will be divided by that same number. One percent ownership of a $250000 cruise ship would cost a mere $2500 for ship acquisition. At the other end of the scale one percent ownership of a brand new mega cruise ship would cost five million dollars.
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