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Anschutz-owned company expands holdings

Colorado-based Xanterra Parks & Resorts is expanding its leisure and resort holdings.
BY BRIANNA BAILEY bbailey@opubco.com Published: February 22, 2013
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Colorado-based Xanterra Parks & Resorts is expanding its leisure and resort holdings.

The company announced this week that it has acquired three all-suite luxury cruise ships operated by Carnival Corp. subsidiary Seabourn Cruise Line, along with Vermont-based VBT Bicycling and Walking Vacations and The Grand Hotel in Tusayan, Ariz., near the south rim of the Grand Canyon.

“These businesses build on our existing portfolio as well as expand our operations into adventure vacations through the world, further diversifying our leisure travel holdings,” said Andrew N. Todd, president and CEO of Xanterra.

The company has continued to expand its holdings over the past several years and continues to seek acquisitions for its growing portfolio, the company said in a statement.

In 2011, Xanterra purchased the high-end cruise ship line Windstar Cruises. The company also acquired the Kingsmill Resort in Williamsburg, Va., in 2010 and the historic Grand Canyon Railway in 2007.

The three, all-suite cruise ships the company has agreed to purchase — the Seabourn Pride, Seabourn Spirit and Seabourn Legend — will expand Windstar's fleet to six luxury ships.

The 104-suite Seabourn cruise ships will begin to transfer over to Windstar over a two-year period beginning in April 2014.

“Windstar Cruises has experienced four straight years of revenue growth,” Todd said. “This expansion is the perfect way to build on the momentum following our recent fleetwide renovation.”

Xanterra is controlled by Denver-based businessman Philip Anschutz, who also controls Anschutz Corp., the parent company of The Oklahoma Publishing Company and The Oklahoman.