NEW YORK -- The former Premier Cruise Line ship Rembrandt, which
earlier served as the Holland America Line flagship Rotterdam V,
will sail again as a timeshare vessel, according to a Florida-based
EXA International of Deerfield Beach this week acquired
Rembrandt from investment firm Donaldson Lufkin & Jenrette,
said Stanley Priskie, EXA's president.
Priskie declined to discuss terms of the agreement. DLJ
repossessed Rembrandt last year after Premier filed for Chapter 11
bankruptcy. Delivery of the ship, currently docked in Freeport,
Bahamas, is scheduled for May 2002.
EXA will retain the Rembrandt name and market the ship as a
seagoing "marriage of timesharing and cruising" with cabins for
sale at "less than a land-based timeshare," according to
The vessel will be marketed under the brand name Cruiseshares,