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.
Key facts
- 01Royal Caribbean Group is in talks to buy a 50% equity stake in Sandals Resorts for about $3 billion.
- 02Sandals Resorts operates 12 all-inclusive properties across the Caribbean.
- 03The deal would value Sandals Resorts at roughly $6 billion, according to Financial Times and CNBC.
- 04Talks are ongoing; CNBC cited a source, and Financial Times also reported.
- 05CEO Jason Liberty has pushed a strategy to build a fuller vacation company across sea and land.
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