Report: Sandals Resorts International Explores Potential Sale of Company

Sandals Emerald Bay
Sandals Emerald Bay

Reuters is reporting that Sandals Resorts International, perhaps the most popular all-inclusive company in the Caribbean, is “exploring strategic alternatives including a potential sale of the company.”

“Sandals Resorts is exploring options to accelerate the company’s long-term growth and development plans,” Sandals said in a statement provided to Travel Agent. “This is not new. Meanwhile, it’s business as usual.”

According to the Reuters report, Sandals has hired investment bank Deutsche Bank AG to explore several options, including a sale of a majority stake in the company.

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The valuation of the company could not be learned, but sources said it could be worth well over $1 billion, including debt, according to Reuters.

The company owns 24 vacation properties in seven Caribbean countries, including Jamaica, the Bahamas, Grenada and Barbados.

And if Sandals does, in fact, get sold, someone would be buying the company at the perfect time.

After the huge success of debuting the Caribbean’s first-ever over-the-water villas in Jamaica, Sandals Resorts International recently announced nine new Over-the Water Honeymoon Butler Bungalows at Sandals Grande St. Lucian.
 
These new over-the-water bungalows in St. Lucia offer glass floor panels, a private outdoor “Tranquility Soaking Tub” for two, a king-size bed and over-water hammocks. 

The bathrooms are equipped with his and hers sinks, a large backlit mirror adorned with mosaic tile, and a walk-in rain shower. 

Outside, the private patio is also equipped with an extended sun deck, outdoor shower, sun loungers, and a bistro set for two. "Butler Elite" service, which handles every detail of the guest’s vacation with unobtrusive grace, and 24-hour room service are included.

Visit www.sandals.com and keep visiting www.travelagentcentral.com for all your latest travel news. Be sure to follow Travel Agent's Joe Pike on Twitter @Travelpike and Instagram @pike5260.

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