Andrew N. Todd, CEO of Xanterra Holding Corporation:

“Windstar emerged as a tremendous long-term opportunity due to the line’s exceptional product, loyal following and high level of guest satisfaction in the luxury travel market. Xanterra intends to maintain Windstar’s business and operations and to invest in Windstar’s growth following the close of the sale.”

Hans Birkholz, CEO of the Bankrupt Ambassadors and Bankrupt Windstar:

Windstar is very pleased with the successful outcome of this sale process and expects to complete it by early next week. Windstar is excited to have its new owner join in building Windstar’s world class brand. Windstar will be well-positioned for long-term profitability and success under new ownership and we will continue to provide exceptional service and extraordinary luxury travel experiences for our guests.

Ambassadors sold its Travel and Events division to Lakeview Equity Partners, LLC, a Milwaukee Equity Fund. It appears to me that they are trying to liquidate some slack in the company, and focus on their core operations.