Time-Share Cruising
 

THE FORMER PREMIER Cruise Line ship Rembrandt, which earlier served as the
Holland America Line flagship Rotterdam V, will sail again as a time-share
vessel, according to a Florida-based operator. EXA Int'l of Deerfield Beach
acquired the Rembrandt from investment firm Donaldson Lufkin and Jenrette,
said Stanley Priskie, EXA's president. Priskie declined to discuss terms of
the agreement. DLJ repossessed the Rembrandt last year after Premier filed for
Chapter 11 bankruptcy protection. Delivery of the ship, currently docked in
Freeport, Bahamas, is scheduled for May. EXA will retain the Rembrandt name
and will market the vessel under the brand name Cruiseshares.

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