Royal Caribbean Group announced it entered into definitive agreements to acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3.0 billion in cash. The transaction is valued at a forward EBITDA multiple of roughly 10x and is expected to close in early 2027, subject to customary approvals. Royal Caribbean has secured committed debt financing from Morgan Stanley to fund the investment. This strategic move expands the company into the all-inclusive resort sector, broadening its vacation portfolio alongside existing cruise brands like Royal Caribbean, Celebrity Cruises, and Silversea. The joint venture aims to accelerate growth in the global vacation market by combining resort expertise with a connected vacation ecosystem. Royal Caribbean Group operates as a leading global vacation company spanning cruises, private destinations, and land-based experiences.
