Royal Caribbean agrees to acquire 50% interest in Sandals and Beaches Resorts
The approximately $3.0 billion cash transaction is expected to close in early 2027, subject to customary approvals and closing conditions.
Royal Caribbean Cruises Ltd., the listed company behind Royal Caribbean Group, reported in a September 23 filing that it entered definitive agreements to acquire a 50% equity interest in the business comprising Sandals and Beaches Resorts.
The U.S. Securities and Exchange Commission filing said the transaction is expected to close in early 2027. Completion remains subject to customary approvals and closing conditions.
The issuer said it secured committed debt financing from Morgan Stanley to fund the investment. The partnership announcement said the joint venture would combine the all-inclusive resort portfolio of Sandals and Beaches Resorts with Royal Caribbean Group’s vacation platform.
According to the announcement, existing reservations and loyalty programs will continue as usual. Resort operations and cruise operations also will continue as usual.
The joint venture will be governed by a board under the shared leadership of Jason Liberty and Adam Stewart, according to the partnership announcement.
