Royal Caribbean Invests $3B in Caribbean’s Sandals and Beaches Resorts
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Published Sep 23, 2026 3:26 PM by The Maritime Executive Royal Caribbean Group, which is one of the largest operators and highest-valued companies in the cruise industry, confirmed the rumors that it is investing in the land-based chain, Sandals, located in the Caribbean. The Financial Times broke the news on Tuesday, with Royal Caribbean and Sandals confirming on Wednesday a $3 billion investment from Royal Caribbean for a 50 percent interest in a joint venture with the hotel company. Sandals, which was established in 1981, is a privately-owned operator with 17 resorts under its brand name, as well as three family resorts. The company was developed as a luxury, adults-only concept, and today has locations in Jamaica, the Bahamas, Saint Lucia, Grenada, Barbados, Antigua, Curacao, and the Turks & Caicos. It started the family resort brand Beaches in 1997 and has locations in Jamaica and Turks & Caicos. The company's core concept is luxury, all-inclusive resorts, launched by developer Gordon "Butch" Stewart. The deal values the company at $6 billion and reports that the son of the founder, Adam Stewart, will maintain his leadership role as Executive Chairman and serve on a board under the shared leadership of Stewart and Royal Caribbean Chairman & CEO, Jason Liberty. The transaction is expected to close in 2027. "The companies will explore opportunities to broaden distribution...
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