Royal Caribbean Group is set to acquire a 50 per cent equity interest in Sandals and Beaches Resorts for approximately US$3 billion, under a landmark partnership aimed at expanding the all-inclusive resort company’s presence across the Caribbean.
The agreement, announced yesterday in Montego Bay, Jamaica, and Miami, would bring together Royal Caribbean Group’s cruise and vacation portfolio with Sandals and Beaches Resorts’ more than four decades of experience in Caribbean hospitality.
The proposed joint venture would include Sandals and Beaches’ collection of all-inclusive properties across the region.
The companies said the partnership is intended to support resort expansion, broaden vacation offerings and make it easier for travellers to access experiences across their respective portfolios.
