Pullmantur Cruises was a cruise line headquartered in Madrid, Spain. It began operations in the late 1990s as an offshoot of the Madrid-based travel agency Pullmantur. In 2006, Pullmantur Cruises, through its parent company, was purchased by U.S.-based Royal Caribbean Group, but Royal Caribbean later sold a 51% stake in the cruise line to Spain-based investment firm Springwater Capital, retaining a 49% stake. By December 2020, a reorganization plan had been developed, to restart some cruises, with financial assistance from Royal Caribbean International.