Carnival Acquires Alaska's White Pass Port
Carnival Corporation, through its subsidiary Holland America Princess Alaska Tours, has signed a deal to acquire TWC Enterprises’ White Pass & Yukon Route (WP&YR) division, which includes White Pass' port, railroad and retail operations in Skagway, Alaska.
In addition to the acquisition, Holland America Princess Alaska Tours also executed an MOU with Survey Point Holdings, an Alaskan company based in Ketchikan, to create a joint venture making Survey Point the managing partner of the port, White Pass Scenic Railway and the associated retail operations that Carnival is acquiring.
As part of the new MOU and joint venture, the partners plan to expand docking facilities to accommodate the newest generation of cruise ships.
“As the gateway to the legendary Klondike Gold Rush region, Skagway is beloved by our guests and crew for its warm hospitality and distinctively Alaskan array of sightseeing and recreational activities,” said Stein Kruse, group CEO of Carnival’s Holland America Group and Carnival UK. “We are delighted that the Skagway port will continue to be locally owned and independently operated by an Alaskan company.”
The transaction is scheduled to close on July 31, 2018.