In a statement, the company said:
"Crystal Esprit has been a wonderful part of the Crystal fleet, offering a boutique yachting experience unmatched in the industry, earning the devotion of discerning travelers and winning awards since her debut in 2015.
"However, as we have been evaluating our focus post-pandemic, the single, small-yacht concept does not fit into future plans for the company as we continue to concentrate on the successful deployment of our Crystal ocean, river and expedition fleets, as well as exploring newbuilds for expansion."
Crystal did not disclose the purchase price.
The line launched the 62-passenger Esprit in 2015 after being acquired by GHKGenting Hong Kong. The ship had been sailing for GHK's Star Cruises and was fully transformed and renamed before joining the Crystal's fleet.
Crystal Esprit sailed warm-water itineraries like the Adriatic coast, the Caribbean, and Seychelles.
Crystal Cruises is notifying all affected passengers and travel partners about the sale. Booked guests are offered a full refund or FCCs (future cruise credits) equal to 115% of the fare paid on fully paid reservations. The FCCs can be used for any expedition, river, or ocean cruise.