Royal Caribbean takes 50% stake in Sandals, Beaches resorts venture for USD 3 billion
Bitget2026/09/23 04:48- Royal Caribbean Cruises agreed to form a joint venture with Sandals Resorts, taking a 50% stake in Sandals and Beaches Resorts.
- Deal values the stake at about USD 3 billion, implying a forward EBITDA multiple of about 10x.
- Morgan Stanley committed debt financing to fund the investment.
- Closing expected in early 2027, subject to customary approvals; transaction expected to be accretive to earnings next year.
- Partnership expands Royal Caribbean into all-inclusive resorts, aiming to accelerate Sandals and Beaches growth across the Caribbean.
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