A new line plans a residential cruise fleet, with Seven Seas Navigator to start

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Russell Galbut, managing principal at Crescent Heights, left, shakes hands with Harry Sommer, president and CEO of  Norwegian Cruise Line Holdings.
Russell Galbut, managing principal at Crescent Heights, left, shakes hands with Harry Sommer, president and CEO of Norwegian Cruise Line Holdings. Photo Credit: Worldredeye.com
Andrea Zelinski
Andrea Zelinski

If you've ever had a client who said they could see themselves at home on the Seven Seas Navigator, they now have the chance.

A new cruise line run by the former chairman of Norwegian Cruise Line Holdings, Russell W. Galbut, is selling $750,000 to $8 million homes on the Navigator. The line, called Crescent Seas, plans to charter the Navigator long-term from Regent Seven Seas Cruises starting in late December 2026, with an option to buy it.

Crescent also plans to acquire a second luxury ship from the NCLH family in late 2027 and order a newbuild ship for delivery in 2032, Galbut said. In total, he expects four ships to be announced within five years.

The Navigator is "a wonderful ship with great bones, and now we're just going to make it even more incredible for a residence at sea program," he told me. "We're replacing everything on board with beautiful stuff done by a team of experts."

A rendering of a residence on Crescent Seas, a new residential line that plans to sail what is currently the Seven Seas Navigator in December 2026.
A rendering of a residence on Crescent Seas, a new residential line that plans to sail what is currently the Seven Seas Navigator in December 2026. Photo Credit: Courtesy of VMI Studio/Crescent Seas

Sales for residences and shorter-term stays on Crescent Seas will be commissionable to travel advisors, real estate agents, yacht brokers and private bankers, Galbut said.

Regent confirmed the arrangement with Crescent Seas and said the ship's final cruise as the Navigator will be a 12-night Mediterranean voyage that departs from Istanbul, Turkey, on Oct. 2 en route to Alexandria, Egypt. All Regent guests booked for sailings on or after Oct. 14 will receive a full refund, Regent said.

Regent Seven Seas forges ahead

The ship may no longer be a Regent vessel after the transfer, but Galbut has been part of the NCLH family for years. Galbut served as chairman of NCLH's board of directors from 2018 until 2024 and tallies up about two decades in the cruise industry and five decades in real estate.  

The timing appears to be right for Regent to say goodbye to the 490-passenger Navigator, which entered service in 1999, back when the line was known as Radisson Seven Seas Cruises.  Regent is pushing ahead with new ships; it will welcome a Prestige-class ship in 2026 and another in 2030. In fact, Regent's development of new luxury ships led to the rehiring of Jason Montague to act as the line's chief luxury officer to shepherd new ships through.

Crescent Seas will launch the Navigator following at least a $50 million refurbishment and said it will ensure it sails with white-glove butler service and Starlink internet. Day-to-day on-board hospitality services will be performed by its existing service provider, The Apollo Group, which has worked with the industry for more than 50 years.

"With most of the earth's surface covered by water, it only felt right to use our 50 years of development expertise on land to create the most magical residences at sea," said Galbut.

Sales open for residences on the ship April 9 during the heart of the annual Seatrade Cruise Global conference in Miami.

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