Cruises

Royal Caribbean nears $3B deal for Sandals Resorts stake

Royal Caribbean Group is in talks to acquire a stake in Sandals Resorts International, according to FT.com and CNBC. CNBC reported Royal Caribbean is nearing a $3B deal to take a 50% stake in Sandals, while FT.com reported the company was eyeing a majority stake. Sandals operates 17 all-inclusive, adults-only resorts and two family-friendly Beaches properties across the Caribbean and Bahamas, positioning the cruise operator to diversify its vacation portfolio.