Royal Caribbean Group announced it will acquire a 50% stake in Sandals and Beaches Resorts for about $3 billion, funded by debt from Morgan Stanley. The deal values Sandals at a 10x forward EBITDA multiple and is expected to boost Royal Caribbean's earnings next year. Despite this strategic expansion into land-based resorts, Royal Caribbean's shares fell 5%, dragging down cruise rivals Carnival and Norwegian by 3% each amid broader sector weakness. Investors are cautious about the shift to a new business model and the debt load, awaiting further details and integration progress before the deal closes early next year.
As of Sep 23, 2026 21:32 WIB, Royal Caribbean Cruises Ltd (RCL) shares are trading at USD 222.70 on Pluang, down 5.19% for the day, reflecting investor caution despite the company's $3 billion acquisition of a Sandals Resorts stake. Carnival Corp (CCL) and Norwegian Cruise Line Holdings Ltd (NCLH) also show declines of 2.65% and 3.31% respectively, with CCL priced at USD 21.69 and NCLH at USD 13.75. Morgan Stanley (MS), which is financing the deal, is up 0.40% at USD 201.01. The most notable figure is RCL's 5.19% drop, closely matching the news impact on Pluang.
Royal Caribbean Group has agreed to invest approximately $3 billion to acquire a 50% equity stake in Sandals and Beaches Resorts, forming a joint venture to expand into the all-inclusive resort market. This partnership combines Sandals and Beaches' C...
Royal Caribbean is close to securing a $3 billion deal to acquire a 50% equity stake in Sandals, valuing the Caribbean resort chain at $6 billion. This move aims to expand Royal Caribbean's presence in land-based vacations, complementing its cruise b...
