Report: Sandals "Exploring Opportunities for Growth"

Sandals Grande Antigua
Sandals Grande Antigua

Executives at Sandals Resorts International (SRI) are "exploring opportunities for growth,” a spokesperson for the company tells Travel Agent. While the spokesperson didn't specify in what ways the company was looking to grow, the person added SRI is "exploring options to take advantage of the growing global demand for the brands."

Bloomberg recently reported that the company "has restarted an effort to sell itself," noting that the all-inclusive resort company could sell for as much as $4.5 billion. The spokesperson did not confirm nor deny whether SRI was up for sale.

This isn’t the first time that such reports have surfaced. In 2017, we spoke with founder and chairman of Sandals Gordon “Butch” Stewart about the possibility of a sale, which was then being reported by Reuters.

FREE Virtual Event

Pivoting Back to Travel: Phase 4

Are you prepared to guide your clients through the “new normal” of travel? Join us December 15, 2020 from 1pm-2:20pm EST for Pivoting Back to Travel: Phase 4. The upcoming installment of our FREE virtual series will feature presentations from the Cayman Islands, Dominican Republic, and Seabourn on their most up-to-date travel procedures, health & safety protocols they’ve implemented to keep guests safe, activities that are open to visitors, what your clients need to know while on their trip and more! Visit www.pivotingbacktotravel to view the full agenda and register for your FREE pass.

“Look, this certainly isn’t the first time we’ve heard this and I’m sure it won’t be the last,” Stewart told Travel Agent at the time. “We’ve been exploring options to accelerate the company’s long-term growth and development plans for quite some time – this is not new.”

Any potential sale would be the first change of ownership since it was founded by Stewart in 1981.

In total, SRI operates 24 properties in the Caribbean, which include Sandals Resorts, Beaches Resorts, Grand Pineapple Beach Resort, Fowl Cay Resort and Your Jamaican Villas.

While we don't know who the Sandals executives are looking to sell to, the all-inclusive market seems to be heating up for several of the larger global hotel companies—including Marriott International, Hyatt Hotels Corp., and Hilton Worldwide Holdings Inc. 

In August, Marriott International announced it is making a major new investment in all-inclusive resorts in the Caribbean and Mexico across several of its brands, including The Ritz-CarltonLuxury Collection, Marriott Hotels, Westin Hotels, W Hotels, Autograph Collection and Delta by Marriott.

Last year, Hilton signed a deal with Playa Hotels & Resorts to expand its all-inclusive resort portfolio. As part of the deal, Hilton said it had plans calling for the two companies to open 10 all-inclusive resorts together by 2025. 

Hyatt has eight all-inclusive hotels in Mexico and the Caribbean, the most recent of which opened in 2017Hyatt Zilara Cap Cana and Hyatt Ziva Cap Cana.

Related Stories

Apple Leisure Group: No Current Plans for IPO

Sandals Royal Barbados Opens New Wedding Venue

Nine Mexican States Join Forces on Tourism Promotion

Caribbean Resorts Continue Aid to Bahamas; How You Can Help

Suggested Articles:

ID Travel Group has announced the winner of its third Bonham-Carter Graduate Scholarship at Oxford University. See more here.

Eighty-seven percent of people who voted in the November 3 election support a new round of coronavirus-related relief from Washington. Read more here.

The U.S. Department of Transportation ruled this week that airlines do not have to recognize emotional support animals as service animals. Learn more.