Paul Gauguin Cruises buys second ship

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Paul Gauguin Cruises no longer is a one-ship cruise line. The company has acquired a second ship, Compagnie du Ponant’s 90-passenger Le Levant. The sale price wasn't revealed.

Following a renovation next fall, the vessel will enter service in December 2012, joining the 332-passenger Paul Gauguin. The ship's deployment hasn’t yet been disclosed.

The Paul Gauguin, meanwhile, is slated to undergo a $7 million renovation in early January. It operates in the South Pacific.

Paul Gauguin Cruises’ owner is Pacific Beachcomber, a company headed by entrepreneur Richard Bailey. Pacific Beachcomber also owns six hotels in French Polynesia.

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