Royal Caribbean is reported to be in discussions to acquire a 50% equity stake in Sandals Resorts, a move that could strengthen its position in the Caribbean hotel and vacation market. Multiple reports describe the potential transaction as part of a broader expansion beyond Royal Caribbean’s cruise business.

CNBC reports the talks are nearing a deal valued at roughly $3 billion, while other coverage frames the main strategic attraction as prime Caribbean beachfront property. The acquisition would also provide a faster pathway to generate more revenue from land-based stays and experiences, aligning with industry trends as cruise operators seek to offer more onshore offerings. Some outlets also connect the potential investment to Royal Caribbean’s competitive efforts to expand its overall vacations portfolio and broaden the range of experiences it can sell to passengers.

While details can change during negotiations, the sources consistently describe the stake size, the focus on Caribbean resort assets, and the diversification goal behind the talks.