US$3 billion billion Royal Caribbean Group's strategic partnership with Sandals Resorts

Arias, Fábrega & Fábrega advised Royal Caribbean Group (NYSE: RCL) on its approximately US$6 billion strategic partnership with Sandals Resorts, under which Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for US$3 billion. The transaction marks a major expansion of Royal Caribbean Group’s vacation platform into the all-inclusive resort sector, bringing together complementary capabilities across cruising, resorts and destination experiences and the partnership will include Sandals and Beaches' collection of premier all-inclusive properties across the Caribbean. The transaction is expected to close in early 2027, subject to customary approvals and closing conditions.
 
ARIFA’s multidisciplinary team assisted Royal Caribbean Group on all Panamanian law aspects of a complex cross-border acquisition governed by New York law, ranging from the structuring and negotiation of the governance rules of the proposed joint venture, general Panama taw law, and regulatory advice on antitrust, competition and multinational enterprise regime matters.