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Ana FigueroaContributing Writer

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Ambassadors International, Inc. Acquires Delta Queen Steamboat Company

Apr 11, 2006

Ambassadors International, Inc. has agreed to purchase the assets of the Delta Queen Steamboat Company from Delaware North Companies. Ambassadors International, Inc. operates American West Cruises, one of North America’s premier river and coastal cruising companies.

The Delta Queen Steamboat Company owns and operates a three-vessel fleet, which includes the 436-passenger American Queen, the 416-passenger Mississippi Queen and the 174-passenger Delta Queen. The company’s itineraries call at historic sites along many of America’s best-known rivers, including the Mississippi, Ohio, Tennessee, Cumberland and Arkansas rivers. The oldest cruise line in America, Delta Queen Steamboat Company traces its history back to 1890.

Delaware North Companies acquired the Delta Queen Steamboat Company in 2002, and has focused on stabilizing and growing the business by adding new itineraries and marketing programs.

“The combination of the Delta Queen Steamboat Company with American West Steamboat Company takes two significant regional businesses and creates a national, American cruise company,” said Joe Ueberroth, president and CEO of Ambassadors International, Inc.

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According to Ueberroth, the operations of the two lines will be combined under the Ambassadors Cruise Group subsidiary and be led by David Giersdorf.

“Our team is excited to offer our customers a selection of wonderful American itineraries across a fleet of luxurious sternwheelers with dedicated American crews,” said Ueberroth. “This acquisition will increase our number of vessels to five and the number of berths from 365 to approximately 1,400 berths, making us the largest operator in our category.”

The transaction is expected to close by the end of April.

800-434-1232
www.americanweststeamboat.com

800-297-0976
www.delawarenorth.com

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