Royal Caribbean takes 50% stake in Sandals, Beaches resorts venture for USD 3 billion

Bitget2026/09/23 04:48

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Royal Caribbean Cruises agreed to form a joint venture with Sandals Resorts, taking a 50% stake in Sandals and Beaches Resorts.
Deal values the stake at about USD 3 billion, implying a forward EBITDA multiple of about 10x.
Morgan Stanley committed debt financing to fund the investment.
Closing expected in early 2027, subject to customary approvals; transaction expected to be accretive to earnings next year.
Partnership expands Royal Caribbean into all-inclusive resorts, aiming to accelerate Sandals and Beaches growth across the Caribbean.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Royal Caribbean Cruises Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609230047PR_NEWS_USPR_____FL54538) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Royal Caribbean takes 50% stake in Sandals, Beaches resorts venture for USD 3 billion

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