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If Royal Caribbean buys half or more of Sandals Resorts, the main prize would be prime Caribbean beachfront. A deal would be a faster route to land-based revenue as it competes with Carnival to provide more land-based experiences for passengers.
Royal Caribbean Group is close to a deal to buy half of Sandals Resorts, the operator of 12 all-inclusive properties across the Caribbean, according to reports on Tuesday.
The cruise line would take a stake in the privately held resort operator in a deal that would value Sandals Resorts at roughly $6 billion, according to the Financial Times, citing sources.
The deal talks involve Royal Caribbean paying $3 billion for a 50% equity stake in the operator, CNBC reported, citing a source.
Talks between the cruise line and the resort operator are "ongoing," CNBC said, bu
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Tags: mergers and acquisitions , royal caribbean , Sandals Resorts