QE2 Saga Continues; Dubai World to Sell Off the Ship

Britain's Times is reporting today that Dubai World, current owner of the former Cunard QE2 will sell off the ship as part of its debt reorganization plan.

Dubai World had previously planned to turn the ship into a luxury hotel as part of its resort complex in Dubai. However, the company's $22 billion debt has put a kabosh on that plan.

There's no word yet on if potential buyers have already been lined up or not. Dubai World will also try to sell other assets, like the high-end clothing chain Barneys.

—Andrea M. Rotondo for LuxuryCruiseBible.com