Royal Caribbean Cruises announced today that it has entered into an agreement to sell its cruise ship Legend of the Seas to Thomson Cruises in the spring of 2017.

"Since its inaugural sailing, Legend of the Seas has created many wonderful memories for hundreds of thousands of guests, and we expect this successful history to continue as she transitions to Thomson Cruises," said Richard D. Fain, chairman and chief executive officer of Royal Caribbean Cruises Ltd.  "While she will be missed, her transition supports Double-Double and our objective of moderate capacity growth."

Legend of the Seas' final sailing will commence on March 13, 2017, and all officers and crew will remain with the company and will be transferred to other vessels worldwide after the ship leaves the Royal Caribbean International fleet.  This transaction will result in an immaterial gain which will be recognized upon delivery of the ship.

A price was not disclosed.