August 2011, Start-up cruise line Great American Steamboat Company has purchased the American Queen steamboat. The purchase price for the vessel was reported to be $15.5 million.
The 16 years old ship last sailed in 2008 for Majestic America Line,
The ship will receive a $5 million drydocking prior to entering service in April 2012The American Queen will homeport out of Memphis, where the new company is based.
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