Royal Caribbean to Acquire 50% Stake in Sandals and Beaches Resorts for About $3 Billion

Royal Caribbean is set to acquire a 50% stake in Sandals and Beaches Resorts for approximately $3 billion. This strategic investment allows the cruise giant to expand its footprint in the land-based luxury resort sector. The deal involves a significant financial commitment to the resort operator Sandals, marking a major expansion for Royal Caribbean as it integrates high-end resort operations into its existing travel portfolio to enhance its overall service offerings for global travelers.