CondoCruise

Condo Cruises

More and more we are seeing cruise ships turned into condos. A new company, Condo Cruises buys smaller cruise ships and then converts some of the staterooms into one, two and three room suites. The conventional staterooms are booked to fund the annual operating budget of the ship and the condo suites can also be booked for income. Later, when the ship no longer cruises, the ship is turned into a floating hotel. Condos sell for $229,000 to $549,000. While a floating retirement home is a tempting notion, I wonder about the long-term investment potential of a suite on a cruise ship.

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Tags: condo cruise, CondoCruise, cruise ships