Royal Caribbean and Sandals Formalize $3 Billion Joint Venture to Merge Cruise and Resort Ecosystems
Royal Caribbean Group and Sandals Resorts have signed a definitive agreement for Royal Caribbean to acquire a 50% equity stake in Sandals for approximately $3 billion. The deal, funded by Morgan Stanley, is expected to close in early 2027. This joint venture aims to integrate cruise and land-based resort operations, expand Sandals globally, and unify loyalty programs across both brands.