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Report: Royal Caribbean in Talks to Buy Sandals Resorts in $6 Billion Deal

How about a cruise company that's not just a cruise company… but an entire vacation company? That seems to be a possibility following report that cruise giant Royal Caribbean Group is in discussions to buy land-based vacation company Sandals Resorts International.

The Financial Times reports that Royal Caribbean and Sandals Resorts are in talks to sell the company to the cruise line. The possible deal was reported by the Financial Times on Tuesday afternoon. According to the FT, the possible deal values Sandals at $6 billion.

Royal Caribbean Group also owns multiple cruise lines and dozens of ships, including nine of the 10 biggest ships at sea. It also has a number of private destinations such as CocoCay where it hosts passengers for the day. However, acquiring Sandals would be a different line of business as the cruise company does not have resorts on land.

Sandals Resorts International is the parent of Sandals, which offers 17 different all-inclusive resorts designed for couples around the Caribbean. It also owns the family-oriented Beaches resorts, Fowl Cay in. The Bahamas, and Rio Chico in Jamaica.

While the deal is not definite, the report says that it could "be reached in the coming days"…

➪ Continue reading the full article on www.cruzely.com

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