ResidenSea promotes rental option September 03, 2002 Share 1 -- MIAMI -- The World of ResidenSea will be more like a land-based hotel next year (even though it still looks like a cruise ship). Guests will be able to book studio residences on a daily basis for a minimum of three nights, embarking and disembarking wherever they want.The line will keep its rental options for five- to 19-day pre-planned voyages, which cost between $3,280 and $23,195 per person, as well as its apartments for purchase.The new residence rental plan is the first major announcement from ResidenSea since the appointment of chief executive officer Richard Riley.Riley has a background in hotel and hospitality companies: He was the chief executive of Hong Kong-based Mandarin Oriental Hotel Group and of Melbourne, Australia-based Crown Ltd."We have hotel rooms as well as an apartment rental program," Riley said. "We don't feel the need to market only cruises."He said residents are "eager to have new and interesting people come on board."As for 2003 destinations, the ship will sail the Pacific Ocean and the Southern Hemisphere, starting in Honolulu and ending the year in Cape Town, South Africa.