Ambassadors International, the Seattle, Washington, firm that operates the famous Windstar cruises that call at Costa Rican Pacific ports, is selling the three-ship fleet as part of a Chapter 11 reorganization plan.
The company said Friday it would sell the Windstar operation to Whippoorwill Associates, Inc., identified as a private investment organization, in about 45 days.
Ambassadors said that Windstar will continue normal business operations throughout this process and that all reservations will be honored.
Hans Birkholz, Windstar CEO, told investors late last year that the travel market continues to be challenging and that the company was being impacted by the economic downturn.
Windstar offers high-end, luxury cruises on sailing vessels carrying just 148 to 312 guests per cruise.