Royal Caribbean acquires 50% stake in Sandals for $3 billion

Key facts

• Royal Caribbean Group agreed to acquire a 50% stake in Sandals Resorts International.
• The stake was acquired for $3 billion.
• The deal expands Royal Caribbean's presence in land-based vacation experiences.

Royal Caribbean Group announced on Wednesday, September 23, that it has agreed to acquire a 50% stake in Sandals Resorts International, a Caribbean resorts operator. The transaction is valued at $3 billion and aims to broaden the cruise company's offerings in land-based vacation experiences. The deal was reported by Reuters and referenced by CNBC.