ROYAL CARIBBEAN GROUP AND SANDALS RESORTS ANNOUNCE LANDMARK PARTNERSHIP TO ACCELERATE THEIR LEADING VACATION EXPERIENCES
The deal would give Royal Caribbean control of more than a dozen Sandals and Beaches properties and expand its all-inclusive vacation business.
- Royal Caribbean Group shares fell roughly 6% on Tuesday after the Financial Times reported the cruise operator nears a deal to acquire a majority stake in Sandals Resorts International, valuing the resort chain at more than $6 billion.
- Under the reported terms, Royal Caribbean would pay approximately $3 billion for a 50% equity stake in the privately held operator, though negotiations remain ongoing and could still collapse without a final agreement.
- This strategic move would advance Royal Caribbean's goal to diversify beyond cruises, granting the company a foothold in all-inclusive options through Sandals' 20 resorts spanning the Caribbean region.
- Founded in 1981 by Gordon 'Butch' Stewart, Sandals operates all-inclusive resorts across the Caribbean and employs about 20,000 people, establishing itself as one of the region's largest private employers.
- If finalized in early 2027, the partnership would allow Royal Caribbean to sell integrated land and sea vacation packages, potentially creating a new model that expands influence across different vacation travel categories.
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Royal Caribbean Group Falls 5% on $3B Sandals Resorts Stake; Carnival and Norwegian Slide 3%
The post Royal Caribbean Group Falls 5% on $3B Sandals Resorts Stake; Carnival and Norwegian Slide 3% appeared first on 24/7 Wall St.. Royal Caribbean Group (NYSE:RCL) shares are sliding in Wednesday morning trading after the cruise operator confirmed overnight that it has signed an agreement to buy a stake in Sandals and Beaches Resorts. Royal Caribbean Group stock is at $224.03, down 5%, extending a sharp Tuesday decline as the market gets its…
Royal Caribbean Cruises has agreed and bought a 50% stake in Sandals Resorts International for about US$3 billion. The business will give the cruise operator access to all-inclusive resorts of the network throughout the Caribbean. Anac changes rules for airlines and limits liability for delays and cancellations of flights Proposal: Braskem creditors request US$3 billion from company controllers, says agency By the terms of the agreement, the two…
The business, valued at 5.2 billion euros, could be the largest in the history of the cruise operator, which seeks to attract tourists both on land and at sea.
Royal Caribbean acquires stake in resort operator Sandals for $3 billion - Regional Media News
Sept 23 (Reuters) - Royal Caribbean Group said on Wednesday it had agreed to acquire a 50% stake in Caribbean resorts operator Sandals Resorts International for $3 billion, expanding the cruise company's presence in land-based vacation experiences. Royal Caribbean has been focused on broadening its [...]
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