Royal Caribbean Group to Invest US$3 Billion in Sandals Resorts

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.