Photo Credit: A rendering of what Sandals Montego Bay will look like after its redevelopment. Sandals Resorts
The all-inclusive operator's executive chairman says he isn't selling the company, despite rumors, but is instead pouring tens of millions into properties to drive rate premiums.
LinkedIn X Facebook Email How does Sandals' low-density model compare financially to large-scale rivals in the Caribbean? What role will AI and technology play in marketing and operating the renovated resorts? How much will average room rates need to rise to justify the higher per-key investment? Select a question above or ask something else
Adam Stewart has a message for the bankers and buyout firms circling his family's all-inclusive empire: Sandals Resorts International isn't for sale.
"At this stage, we're just kind of warming up, so we're not looking at exiting," said Stewart, executive chairman. "I'm not going anywhere."
Stewart made the comments when asked about a March 2025 Wall Street Journal report that the Caribbean operator had tapped bankers about a sale that could fetch $6 billion to $7 billion.
Stewart said the company has been raising money to keep building.
"We've for sure been in the marketplace raising funds [for] the buildout that the business is behind, but I don't think there's any chance of me retiring at 45 years old, so that's not the case," he said.
"We have been approached, for more than a decade, by all the majors," Stewart said of potential strategic acquirers. Sandals Resorts most seriously considered a sale around 2019 under the late
Early Check-In helps you keep up with the latest hotel and hospitality news.
By submitting this form, you agree to receive email communication from Skift.
See more essential travel news in your search results.
Tags: all-inclusive resorts , beaches , caribbean , hotel development , hurricane , hurricane melissa , jamaica , luxury , luxury hotels , luxury resort , luxury travel , resorts , sandals , Sandals Resorts
LinkedIn X Facebook Email First read is on us . Subscribe today to keep up with the latest travel industry news.
The leading source of hotel industry news for lodging, real estate, and investment professionals.
Subscribe now for complete access to Skift.com’s trusted coverage of the travel industry.
Enter your email for a complimentary article + exclusive offers.