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Royal Caribbean enters joint venture to form new Miami-based company

Matthew Arrojas
Royal Caribbean enters joint venture to form new Miami-based company

Royal Caribbean Cruises Ltd. has formed a new company through a joint venture that will develop, own and operate destinations in coastal cities. The new company, called Holistica Destinations Ltd., is a 50-50 partnership between the Miami-based cruise company (NYSE: RCL) and Mexico-based ITM Group. The two companies are searching for a CEO for Holistica, which will be headquartered in Miami.