Royal Caribbean to buy half of Sandals and Beaches Resorts in $3 billion joint venture
Royal Caribbean Group announced it will purchase a 50% ownership stake in Sandals and Beaches Resorts for about $3 billion. The transaction is slated to close in early 2027, subject to customary regulatory approvals. Sandals and Beaches operate 21 all‑inclusive resorts across the Caribbean, while Royal Caribbean runs 71 cruise ships under its three brands. The deal will be overseen by Sandals executive chairman Adam Stewart and Royal Caribbean chairman and CEO Jason Liberty, who will share the joint‑venture board.
Why it matters
The company says the partnership will broaden its vacation platform and add roughly $159 million of equity investment income by fiscal 2027, which could lift earnings per share. Jefferies highlighted the deal in its upgrade of Royal Caribbean, noting it improves the firm’s growth outlook and supports a new $330 price target.
Key facts
- 1Royal Caribbean will acquire a 50% ownership interest in Sandals and Beaches Resorts for approximately $3 billion. finance.yahoo.com
- 2The transaction is expected to close in early 2027 pending customary approvals. finance.yahoo.com
- 3Sandals and Beaches operate a total of 21 resorts across the Caribbean. finance.yahoo.com
- 4Royal Caribbean runs 71 ships through its three cruise brands. finance.yahoo.com
- 5Jefferies set a price target of $330 for Royal Caribbean, citing the Sandals joint venture. investing.com
- 6The deal is projected to generate about $159 million of equity investment income by fiscal 2027. gurufocus.com
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.