Royal Caribbean is paying approximately US$3 billion for 50% of Sandals and Beaches Resorts. The landmark deal could propel the Jamaican-born hotel brand onto a much bigger global stage—but it also raises an uncomfortable question about Caribbean ownership, US tourism dependence, and the future of one of Jamaica’s greatest business success stories.
What impact will this have on the nature of this developed Jamaican hotel? What will Sandals invest this money in? What are the benefits for Jamaica? Will Sandals experience an improved cash flow?
It would be great to hear from Mr Stewart.
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