Royal Caribbean reportedly discusses 50% Sandals Resorts stake
The potential $3 billion investment would value the Caribbean hotel company at about $6 billion, according to a person familiar with the discussions.
Royal Caribbean is in discussions to acquire a 50% equity interest in Sandals Resorts, according to a report based on information from a person familiar with the matter. The proposed transaction would value Sandals at approximately $6 billion, with Royal Caribbean paying about $3 billion for its stake.
The person familiar with the matter told reporter Contessa Brewer that Royal Caribbean was nearing an agreement. However, the discussions remain underway, and there is no assurance that the companies will complete a transaction.
Royal Caribbean shares reportedly declined by roughly 6% after reports of the possible investment emerged. Neither Royal Caribbean nor Sandals Resorts had responded to requests for comment when the report was issued.
