MARKET WIRE NEWS

THE CORMORANT AT 55 SOUTH: SILVERSEA UNVEILS ALL PUBLIC SPACES OF HIGHLY ANTICIPATED SOUTHERNMOST HOTEL

MWN-AI** Summary

Silversea has announced the unveiling of the interior spaces of its upcoming hotel, The Cormorant at 55 South, located in Puerto Williams, Chile—set to open in October 2026. This 150-room luxury hotel is designed to enhance the travel experience for guests embarking on Silversea's innovative Antarctica Fly Cruise program, which offers travelers a seamless way to explore one of the world's most remote destinations without experiencing the often-challenging Drake Passage.

Named after the resilient seabird indigenous to the region, The Cormorant will serve as a key component of Silversea's commitment to luxury travel in Antarctica, providing personalized service and comfort similar to that aboard its expedition ships. The hotel's architecture reflects the natural beauty of Patagonia, with public spaces designed for relaxation and setting the mood for exploration. Among these spaces is the Fireplace Lounge, an inviting area for guests to unwind and share stories while enjoying sweeping views of the dramatic Patagonian landscapes.

Guest rooms are thoughtfully appointed, featuring serene views of the forest or Beagle Channel, and incorporating handcrafted items by local Chilean artisans to enhance the cultural immersion. The hotel will also host Latitude 55, a dining venue celebrating Chilean cuisine, and Bar Sur, focused on regional wines and fine spirits.

As part of the guest experience, visitors can enjoy a variety of activities such as hiking and wildlife watching, making The Cormorant a comprehensive gateway to Antarctic adventures. Designed for seasonal operation from October to March, the hotel promises a unique blend of exploration, comfort, and cultural connectivity, aligning with Silversea's ethos of "To Finding More" in travel.

MWN-AI** Analysis

As Silversea unveils the Cormorant at 55 South, the highly anticipated hotel in Puerto Williams, Chile, the investment landscape in luxury travel and tourism is poised for noteworthy developments. Scheduled to open in October 2026, the hotel will cater to the burgeoning demand for unique, immersive travel experiences, particularly in tantalizing markets like Antarctica.

The Cormorant epitomizes Silversea's strategy to innovate within the luxury travel domain, enhancing convenience, comfort, and experiential richness for adventurers interested in polar exploration. This strategic positioning aligns with broader market trends favoring sustainable and experiential travel, which echoes growing consumer preferences for authentic and meaningful experiences over traditional holiday formats.

Investors should consider the following opportunities and risks in light of this development:

1. **Market Growth**: The luxury travel segment is recovering post-pandemic, with a strong focus on wellness, authenticity, and environmental sustainability. Silversea's integration of local culture and artisan craftsmanship into The Cormorant's offerings positions it well within this narrative.

2. **High-Value Capabilities**: With the unique "Antarctica Fly Cruise" program, guests will not only enjoy the luxury hotel stay but also access a streamlined travel model to a popular yet challenging destination. This innovation could attract luxury travelers previously deterred by logistical hurdles.

3. **Seasonal Operations**: The hotel's seasonal schedule (October to March) introduces potential revenue fluctuations, presenting both risks and seasonal marketing opportunities. Investors should monitor occupancy rates and pricing strategies closely during peak seasons.

4. **Competitive Landscape**: As luxury travel expands, new entrants may emerge, escalating competition. Silversea's established brand equity, coupled with an emphasis on esteemed guest service, can mitigate this risk.

In summary, The Cormorant at 55 South represents an exciting opportunity for investors in the luxury travel sector, aligning with evolving consumer preferences while emphasizing sustainable, immersive experiences. Monitoring operational metrics post-launch will be crucial for long-term strategic positioning.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: PR Newswire

PR Newswire

The Cormorant will create the most convenient, comfortable, and seamless way to explore Antarctica

MIAMI, Feb. 26, 2026 /PRNewswire/ -- Silversea, the leading experiential luxury and expedition travel brand, has unveiled the interior spaces of its new 150-room hotel, The Cormorant at 55 South, in Puerto Williams, Chile, designed to streamline travel to one of the world's most remote destinations, while enhancing the overall guest experience. Set to welcome guests in October 2026, The Cormorant at 55 South, named for its unique location and the resilient seabird, will serve as a cornerstone of Silversea's innovative Antarctica Fly Cruise program, offering some of the most diverse polar experiences in luxury travel.

"The Cormorant at 55 South represents an exciting new chapter for Silversea, extending our commitment to luxury travel to Antarctica," said Bert Hernandez, president, Silversea. "This unique property will offer our guests the same hallmark comfort and personalized service they expect while on board our ships and will immerse them in the rich culture, traditions, and natural beauty of the region. The interior spaces are thoughtfully designed to reflect the spirit of this extraordinary destination."

FIVE SIGNATURE SPACES INSPIRED BY NATURE AND ADVENTURE

The Cormorant's public spaces are designed to foster relaxation, reflection and discovery, blending Silversea's signature elegance with the raw beauty of Patagonia. Cozy lounges, curated gathering areas, and panoramic views of the surrounding wilderness invite guests to pause and connect with the spirit of the far south.

THE FIREPLACE LOUNGE

Inspired by the region's reverence for fire as a symbol for gathering, hospitality, and storytelling, the fireplace lounge will serve as a place of retreat, with a variety of plush seating, fine wines, and signature cocktails. Sweeping vistas of the Patagonian landscape unfold from the lounge's expansive windows, as guests enjoy the comforting warmth of this one-of-a-kind fireplace.

150 GUEST ROOMS

Each of The Cormorant's 150 guest rooms are thoughtfully appointed, inviting guests to recharge before or after their voyage. Rooms offer serene forest views or water vistas of the Beagle channel, bringing guests closer to the breathtaking natural beauty of Patagonia and immersing them in the landscapes that define this region. The interiors feature warm wood tones and earthy elements, creating an authentic and calming environment. To further this connection, every room will incorporate handcrafted items created by Chilean artisans, adding a unique touch that celebrates local and regional culture.

LATITUDE 55

In addition to spaces honoring the nature of Puerto Williams, guests will enjoy a culinary experience rooted in Chilean flavors, with a dining venue that offers a warm, welcoming atmosphere and menus that celebrate the region's ingredients and traditions. At Latitude 55 – named for its location near the 55th parallel south – menus will celebrate Patagonia's rich flavors, blending regional staples with chef-inspired creations. In the evening, the restaurant turns into a family-style gathering that sparks stories of adventure and anticipation of the journey to come.

BAR SUR

Bar Sur will serve as the social heart of The Cormorant, offering teas and small bites by day and curated wines and spirits by night – all inspired by regional flavors. From wine tastings showcasing Patagonia's viticultural legacy to a guided tasting and hands-on cocktail masterclass of Chilean Pisco, a fragrant, high-proof grape brandy and Chile's most iconic spirit – every moment captures the essence of exploration.

UNCHARTED

To commemorate their visit to the southernmost hotel on earth, guests can visit Uncharted, The Cormorant's boutique. Here, keepsakes crafted by Chilean artisans, and expedition essentials provide lasting mementos of an extraordinary journey.

A NEW GATEWAY TO ANTARCTICA

Silversea's pioneering Antarctica Fly Cruise itineraries – allowing guests to skip the Drake Passage – will include a hotel stay in Santiago, followed by a direct charter flight to Puerto Williams, where guests will enjoy a one-night stay at The Cormorant before continuing to King George Island for embarkation. Upon return, guests will again stay overnight at the hotel before flying back to Santiago.

Guests will also have the opportunity to explore the natural beauty of Puerto Williams through activities such as nature walks, hiking, kayaking, and wildlife watching, further enriching their expedition experience. The hotel will operate seasonally from October to March, with dedicated staff trained in The Silversea Way, which reflects Silversea's philosophy of personalized service, destination expertise, and thoughtful attention to guest needs, to ensure a consistent and exceptional level of service and hospitality.

LEARN MORE IN THE LATEST EPISODE OF STORIES BY SILVERSEA

In the latest episode of Stories by Silversea, the brand's leaders and project partners go behind the scenes, offering a closer look at the spaces taking shape at The Cormorant and the elevated experiences guests can expect. Watch the episode here: A Legacy in the Making: Part 3.

For more information on The Cormorant at 55 South and Silversea's Antarctica Fly Cruise program, visit: https://www.silversea.com/lp-antarctica-fly-cruise.html

Find additional assets in our digital press kit: https://royalcaribbeangrouppresscenter.com/silversea/dpk/cormorant

Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this press release relating to, among other things, expectations on timing, design, and demand for the development of The Cormorant at 55 South, constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Words such as "set," "anticipate," "will," "scheduled," and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management's current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, those included under the caption "Risk Factors" in our most recent annual report on Form 10-K, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC's website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Silversea
Silversea is the leading experiential luxury and expedition travel brand, offering guests immersive experiences on all seven continents, personalized service, and an innovative culinary offering aboard its 12 intimate ocean and expedition ships. Silversea's itineraries encompass an unparalleled range of destinations worldwide, from the Mediterranean and the Caribbean to the Galápagos, both Polar Regions, and hundreds of fascinating places in between. Set to strengthen its destination leadership starting in 2026, the brand is developing the southernmost hotel on Earth, The Cormorant at 55 South, in Puerto Williams, Chile – offering guests a uniquely seamless journey to Antarctica. Silversea brings its like-minded guests closer to their destination in uncompromised comfort, championing the joy of travel, an enriching spirit of discovery, and an enduring commitment to Silversea's signature "To Finding More" promise. Silversea is owned and operated by global cruise company Royal Caribbean Group (NYSE: RCL). For more information, visit www.silversea.com. Media can stay up to date by visiting the brand's press center.

Silversea, Otium, S.A.L.T., The Cormorant at 55 South, To Finding More, and the various ship names are registered trademarks of Silversea Cruises Ltd.

About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 68 ships across its five brands traveling to all seven continents. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean, Celebrity Cruises, and Silversea; and an expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually delivers exciting new products and guest experiences that help shape the future of leisure travel. Learn more at royalcaribbeangroup.com or rclinvestor.com.

SOURCE Silversea Cruises

FAQ**

How does the development of The Cormorant at 55 South align with Royal Caribbean Cruises Ltd. RCL's long-term strategy for expanding luxury travel experiences in remote destinations like Antarctica?

The development of The Cormorant at 55 South aligns with Royal Caribbean's long-term strategy by enhancing luxury travel offerings in unique, remote destinations, thereby diversifying its portfolio and appealing to affluent travelers seeking exclusive, immersive experiences in Antarctica.

What specific features of The Cormorant are designed to enhance guest experiences, and how do they reflect Royal Caribbean Cruises Ltd. RCL's commitment to personalized service and luxury?

The Cormorant features customized itineraries, luxurious accommodations, gourmet dining, and attentive concierge services that enhance guest experiences and reflect Royal Caribbean Cruises Ltd.'s commitment to personalized service and high-end, immersive travel.

In what ways does The Cormorant at 55 South intend to attract affluent travelers, and how could this impact Royal Caribbean Cruises Ltd. RCL's market positioning in the luxury hospitality sector?

The Cormorant at 55 South plans to attract affluent travelers through exclusive amenities, tailored experiences, and high-end service, potentially positioning Royal Caribbean Cruises Ltd. RCL as a competitive player in the luxury hospitality sector by enhancing their brand image.

Can you elaborate on the expected operational seasonality of The Cormorant and its implications for Royal Caribbean Cruises Ltd. RCL’s overall business strategy and financial performance?

The Cormorant's expected operational seasonality may lead Royal Caribbean Cruises Ltd. to adjust capacity and marketing strategies, optimizing revenue during peak seasons while managing costs in off-peak times to enhance overall financial performance and market competitiveness.

**MWN-AI FAQ is based on asking OpenAI questions about Royal Caribbean Cruises Ltd. (NYSE: RCL).

Royal Caribbean Cruises Ltd.

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