Royal Caribbean Group Acquires 50% Stake in Sandals and Beaches Resorts for $3 Billion Partnership Expansion
🌍 Royal Caribbean Group and Sandals Resorts announced a partnership with a 50% investment from Royal Caribbean for around $3 billion. The agreement, expected to close by early 2027, aims to expand in the $2 trillion global vacation market. Sandals and Beaches Resorts, with over 40 years in Caribbean hospitality, will enhance experiences alongside Royal Caribbean's cruise brands. The joint venture, managed by Jason Liberty and Adam Stewart, will grow resort offerings and guest engagement.
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