Sandals News & Analysis

Royal Caribbean (RCL) $3 Billion Deal for 50% Stake in Sandals

Royal Caribbean is nearing a $3 billion deal for a 50% equity stake in Sandals, valuing the resort chain at $6 billion. This partnership is expected to enhance growth prospects for both companies. Royal Caribbean shares fell approximately 6% following the news, and the stock has decreased about 25% over the past year after a revenue growth forecast cut due to softer demand for European sailings. This deal is significant as it represents Royal Caribbean's intentions to diversify its portfolio beyond cruises into all-inclusive vacation options.