# Royal Caribbean Group and Sandals Resorts partnership

> Live situation record from CLSTR: https://clstr.news/situations/royal-caribbean-group-and-sandals-resorts-partnership
> Updated: 2026-09-24T20:39:31.000Z. Sources: 34. Developments: 2.

Royal Caribbean Group has entered into a strategic alliance with Sandals Resorts, acquiring a 50 percent equity stake in Sandals and Beaches Resorts for approximately US$3 billion. This transaction, which values Sandals Resorts International at roughly US$6 billion, represents the cruise operator’s first significant expansion into the land-based, all-inclusive resort market.

The joint venture aims to integrate Royal Caribbean’s global vacation platform, including brands such as Celebrity Cruises and Silversea, with the Caribbean hospitality expertise of Sandals and Beaches. The companies intend to explore cross-selling opportunities and connect loyalty programs to create a seamless vacation experience spanning both sea and land.

The partnership will be governed by a joint board co-led by Royal Caribbean Group Chairman and CEO Jason Liberty and Sandals Executive Chairman Adam Stewart. The Stewart family will retain the remaining 50 percent equity stake. The deal is expected to close in early 2027 and is being financed through debt secured by Morgan Stanley.

## Claims

- Royal Caribbean Group is acquiring a 50% stake in Sandals and Beaches Resorts. (corroborated by 3 sources)
- The transaction is valued at approximately US$3 billion. (corroborated by 2 sources)
- The partnership will be managed by Jason Liberty and Adam Stewart. (corroborated by 2 sources)
- Sandals operates resorts in Jamaica, Antigua, Saint Lucia, The Bahamas, Barbados, Grenada, Curaçao, and Saint Vincent and the Grenadines. (single source)
- Beaches Resorts operates in Jamaica and Turks and Caicos. (single source)

## Timeline

### 2026-09-24: Royal Caribbean Group acquires 50% stake in Sandals Resorts

Royal Caribbean Group is acquiring a 50% stake in Sandals and Beaches Resorts in a US$3 billion deal to expand into the Caribbean all-inclusive land-based resort market.

7 sources. https://clstr.news/cluster/royal-caribbean-group-acquires-50-stake-in-sandals-resorts

### 2026-09-22: Royal Caribbean Group to acquire 50% stake in Sandals Resorts

Royal Caribbean Group will acquire a 50% stake in Sandals and Beaches Resorts for $3 billion, marking a major expansion into the Caribbean all-inclusive resort market through a joint venture expected to close 2

30 sources. https://clstr.news/cluster/royal-caribbean-in-talks-to-acquire-sandals-resorts-in-6-billion-deal

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Cite as: Royal Caribbean Group and Sandals Resorts partnership. CLSTR, https://clstr.news/situations/royal-caribbean-group-and-sandals-resorts-partnership