Carnival Lists Miami Headquarters for Sale; Looking to Downsize

Carnival Corporation has listed its headquarters in Miami for sale, after owning it for nearly three decades.

According to Bloomberg, the company is now looking to downsize to about 300,000 square feet of new office space in the Miami area in the next two years. 

Cruise Industry News understands many Carnival employees work fully remotely following the pandemic.

A spokesperson confirmed that the company is “exploring options for new office facilities,” according to the Bloomberg story. 

Located 15 miles from the Port of Miami, the 470,000 square feet Doral headquarters has served as Carnival’s base since it was acquired in 1983. The Miami space is being listed with commercial real estate broker Cushman & Wakefield Plc.

Viking May Be Eying IPO

Viking could be eyeing an initial public offering as soon as the second quarter of this year, according to a report from Bloomberg.

With a dominant position in the European river cruise market, a fleet of ocean-going cruise ships, two expedition ships, a joint venture in China and a Mississippi river operation, the company continues to expand in the cruise industry, with more riverboats and ocean-going ships on order.

If Viking were to list, it would join the other public cruise companies, including Carnival Corporation, Royal Caribbean Group, Norwegian Cruise Line Holdings and Lindblad Expeditions. Of those four, Lindblad was the last go to public in 2015.

According to Bloomberg, the IPO could raise over $500 million and Viking is said to be working with Bank of America, UBS, Wells Fargo and JP Morgan on the listing.