Cruise ships torn apart after coronavirus sell off

On the beach, once-gleaming vessels lie dilapidated, their innards exposed, barely recognizable from their seafaring glory days.



a close up of an old building: Cruise ships pictured mid-destruction at Aliaga, in Turkey.


© Courtesy Chris McGrath/Getty Images
Cruise ships pictured mid-destruction at Aliaga, in Turkey.

These huge ships were previously the pride of cruising fleets including Carnival Cruise Line. Now they’re shells of their former selves — beached at Aliaga shipyard in Turkey, mid-demolition and ready to be sold for scrap.

When a cruise company decides a ship is no longer needed, and no one wants to buy it, that often means a one way final voyage to Aliaga, or similar ship breaking yards such as Alang, India or Gadani, near the Pakistan port of Karachi.

In Aliaga, business is up 30% this year in the wake of the pandemic, reports Reuters.



a boat is docked next to a body of water


© Chris McGrath/Getty Images


Drone photographs of of the shipyard depict zombie cruise liners — half impressive vessel, and half skeleton and debris.

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Service Properties Trust to End Marriott Pacts, Sell 24 Hotels

(Bloomberg) — Service Properties Trust is moving to cancel management contracts covering 122 hotels with Marriott International Inc. and is selling two dozen of the properties for $153 million.



a close up of a sign: A logo sits next to a Marriott brand sample hotel room in the Innovation Lab at the Marriott International Inc. headquarters in Bethesda, Maryland, U.S., on Thursday, May 19, 2016.


© Bloomberg
A logo sits next to a Marriott brand sample hotel room in the Innovation Lab at the Marriott International Inc. headquarters in Bethesda, Maryland, U.S., on Thursday, May 19, 2016.

The Newton, Massachusetts-based real estate investment trust is also set to transfer branding and management of 98 Marriott-branded hotels to Sonesta International Hotels Corp. after Marriott missed payments due Monday.

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Lodging companies have been trimming expenses as the industry grapples with a collapse of travel that has left hotels largely empty. For Service Properties, which owns a 34% stake in Sonesta, nixing the agreements with Marriott allows it to expand the lodging brand while cutting costs and giving it flexibility to sell more assets.

“We knew that

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