Royal Caribbean to Acquire 50% Stake in Sandals & Beaches Resorts for $3.0 Billion

Royal Caribbean Cruises Ltd. (RCL) announced a definitive agreement to acquire a 50% equity interest in the business of Sandals and Beaches Resorts. This strategic partnership expands Royal Caribbean's vacation portfolio into the all-inclusive, land-based resort market, aiming to accelerate the growth and reach of the Sandals and Beaches brands.

Key Details

• Transaction Value: The base purchase price for the 50% stake is approximately $3.0 billion in cash.
• Financing: The investment will be funded through committed debt financing secured from Morgan Stanley.
• Timeline: The transaction is expected to close in early 2027, pending customary approvals and closing conditions.
• Strategic Impact: The deal forms a joint venture between the two companies and is expected to be accretive to Royal Caribbean's earnings in the year following the close.