Royal Caribbean Group is in talks to buy a 50% stake in Sandals Resorts for about $3 billion, valuing Sandals at roughly $6 billion (reports).
According to Skift, Royal Caribbean Group is in talks to buy a 50% stake in Sandals Resorts for about $3 billion, valuing Sandals Resorts at roughly $6 billion, with talks ongoing and sources cited from the Financial Times and CNBC. Sandals Resorts operates 12 all-inclusive properties across the Caribbean, and the deal would mark Royal Caribbean's largest step toward a full vacation company across sea and land. Shares of Royal Caribbean dropped about 6% on the news.
economy4 h ago