The vessel first entered operation in 1999, with Renaissance Cruises. The ship was not owned by the company, possession instead residing with a group of French investors, who leased the ship to the company. In late 2001, the entire Renaissance fleet was seized by creditors. In late 2002, Princess Cruises chartered the R Three, along with sister ship R Four (previously Ocean Princess and now MS Sirena). Both vessels entered operation by the end of 2002. The charter terminated at the end of 2004, at which time both vessels were purchased by Princess Cruises. Gabi Hollows renamed the ship Pacific Princess in Sydney on 8 December 2002, named after the earlier Pacific Princess which served as the ship featured in the television series, The Love Boat.