Royal Caribbean agrees to buy 50% stake in Sandals and Beaches
The approximately $3 billion transaction would add 20 resorts to the group’s portfolio and is expected to close in early 2027.
Royal Caribbean Group agreed on Sept. 23, 2026, to acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion. The partnership values the resort operator at about $6 billion, with committed debt financing from Morgan Stanley, according to reports.
The transaction would bring Sandals’ 20 resorts into Royal Caribbean’s portfolio. The company expects the agreement to increase earnings in 2027, while completion is anticipated in early 2027.
Royal Caribbean Chief Executive Jason Liberty and Sandals Executive Chairman Adam Stewart have discussed potential pre- and post-cruise vacation packages, the sale of Sandals stays aboard ships and possible connections between the companies’ loyalty programs, according to reported comments.
Stifel reiterated its Buy rating and $415 price target for Royal Caribbean on Oct. 13, 2026. Royal Caribbean shares were trading at €249.20 through Lang & Schwarz at 10:02 a.m. CEST on Oct. 19.
