Royal Caribbean To Acquire 50% Equity Interest In Sandals And Beaches Resorts

(RTTNews) - Royal Caribbean Group (RCL) and Sandals Resorts announced the signing of an agreement to form a partnership in the all-inclusive resort space with a 50% investment from Royal Caribbean. The companies will offer travelers a collection of cruise, private destination and resort experiences, serving guests across more vacation occasions. The partnership will include Sandals and Beaches' collection of premier all-inclusive properties across the Caribbean. Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion. The company has secured committed debt financing from Morgan Stanley to fund the investment. The transaction is expected to be accretive to earnings next year.