Royal Caribbean Nears $3 Billion Deal for 50% Stake in Sandals Resorts Valued at $6 Billion

Royal Caribbean is nearing a deal to acquire a 50% equity stake in Sandals Resorts International for approximately $3 billion, which would value the all-inclusive Caribbean resort chain at more than $6 billion. The transaction, reported by the Financial Times and confirmed by a source to CNBC, would add 20 Caribbean resorts to Royal Caribbean's portfolio and mark its largest acquisition in company history. Talks are ongoing and may not result in a completed deal.

The move represents a significant strategic expansion beyond cruises into land-based vacations. Royal Caribbean has signaled an intent to use Sandals as a cross-selling vehicle for its existing cruise customer base, integrating resort stays with its core cruise offerings. News of the talks sent Royal Caribbean shares to a 52-week low of $231.97 on September 22.