Royal Caribbean signs agreement for 50% interest in Sandals and Beaches Resorts business
The approximately $3.0 billion cash investment values the luxury resort chain at more than $6 billion, with closing expected in early 2027.
Royal Caribbean Cruises Ltd. has entered definitive agreements to acquire a 50% equity interest in the business comprising Sandals and Beaches Resorts. The base purchase price is approximately $3.0 billion in cash.
The transaction values the luxury resort chain at more than $6 billion. It brings together Royal Caribbean Group’s cruise portfolio, which includes Royal Caribbean, Celebrity Cruises and Silversea, with the all-inclusive Caribbean properties operated by Sandals and Beaches Resorts.
Royal Caribbean Group has secured committed debt financing from Morgan Stanley to fund the investment. The companies expect the transaction to close in early 2027, subject to customary approvals and closing conditions.
The joint venture will be overseen by a board under the shared leadership of Adam Stewart, executive chairman of Sandals Resorts, and Jason Liberty, chairman and chief executive officer of Royal Caribbean Group. Both companies said existing reservations, loyalty programmes and resort operations will continue as normal.
