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.