Royal Caribbean to buy 50% stake in Sandals Resorts for $3 bln
AI Summary
Royal Caribbean announced its plan to purchase a 50% stake in Sandals Resorts for $3 billion, marking a significant investment in the luxury resort sector. This acquisition aims to expand Royal Caribbean's footprint in the hospitality and tourism markets.
Markets Deals Real Estate Royal Caribbean Sandals Resorts acquisition hospitality investment luxury resorts tourism market