Royal Caribbean agrees to acquire 50 percent of Sandals and Beaches Resorts
The USD 3 billion investment would add 20 resorts to Royal Caribbean’s portfolio, subject to approvals and closing conditions.
Royal Caribbean Group agreed to acquire a 50 percent stake in Sandals and Beaches Resorts for USD 3 billion. The transaction values the resort business at USD 6 billion and is expected to close in early 2027, subject to customary approvals and closing conditions.
The planned joint venture will add Sandals’ 20 resorts to Royal Caribbean’s portfolio and broaden the company’s exposure beyond cruises. The partnership is expected to be accretive to earnings in 2027, with committed debt financing from Morgan Stanley funding the investment.
Royal Caribbean reported USD 4.83 billion in revenue for the second quarter of 2026, up 6.50 percent from the same quarter a year earlier. Its fiscal 2026 earnings-per-share guidance is USD 17.73 to USD 17.87, while its third-quarter 2026 guidance is USD 6.26 to USD 6.36.
Royal Caribbean traded at EUR 243.15 at Lang & Schwarz on October 2, 2026, at 2:09 p.m. CEST. That was 1.31 percent above the Lang & Schwarz prior close of EUR 240.00 on September 30, 2026.
