Report: Sandals Resorts In Talks to Sell for Upwards of $6 Billion

Sandals Resorts International is in talks with bankers to sell the company, according to The Wall Street Journal. 

The Sandals properties could sell from $6 billion to $7 billion, though valuation could change and there has been no final decision on whether to sell, the U.S. business publication reported on March 19, attributing “people familiar with the matter.”

Gordon “Butch” Stewart founded Sandals in 1981. After his passing in 2021, his son Adam Stewart assumed the role of executive chairman. Since then, there has reportedly been infighting over ownership, leading to further sale discussions. 

Sandals was previously in talks over a sale in 2017 and 2019, according to reports. This time around, big players like Hyatt and Marriott have shown more interest in the all-inclusive resort model; Hyatt recently acquired Playa Hotels & Resorts and Bahia Principe Hotels & Resorts, though a potential buyer for Sandals is unknown.

The Jamaica-based Caribbean hotel and resort operator recently announced plans to expand its Beaches brand with three new properties and additions to its Turks & Caicos property. It also recently celebrated the one-year anniversary of the opening of its St. Vincent and the Grenadines property.