Funchal Set To Be Towed to Liverpool

Funchal

According to industry sources, the classic 1961-built Funchal will soon be towed to Liverpool as new owners Signature Living have made the final payment on the vessel.

“Their plans have changed again and they will not be locating her in Ibiza as previously reported,” said a source familiar with the situation.

Thus, Signature Living plan to tow the ship to Liverpool, refurbish her, and then find a permanent spot for the vessel in the UK as a hotel vessel.

Last December, the vessel was sold at auction for 3.9 million euro to Signature Living, a UK hotel operator.

Funchal Poised to Become Hotel Ship in London

Funchal

The much-loved classic Funchal is set for a new life as a hotel ship in London.

On Wednesday, Dec. 5 the ship was sold at auction for 3.9 million euro to Signature Living, which was represented by John Hanbidge of QPS Marine Ships/Cruise Ventures.

Four bidders got things going at the bank auction, with two ultimately dropping out in front of a crowd of around 60 people.

“Signature Living and QPS Marine Ships have been negotiating for almost two years with the bankruptcy administrator and the main creditor for the purchase of the vessel,” QPS said, in a statement sent to Cruise Industry News.

As for the vessel, plans call for it to move from Lisbon to Central London where it will be berthed permanently as a hotel vessel.

QPS will act as a consultant in repositioning the ship and management functions as the ship is converted to a hotel.