Caribbean News
Expanded Tree Planting Mission Further Strengthens Regional Sustainability
#TheCarribean, April 22, 2022 — Gearing up to celebrate the fulfillment of its 10,000-tree planting commitment, the Sandals Foundation is expanding its conservation goal by adding another 10,000 trees to strengthen the Caribbean’s climate resilience and food security.
The massive conservation effort is in keeping with this year’s global Earth Day theme, ‘Invest in Our Planet’, and builds on the foundation’s larger Caribbean Tree Planting Project commitment, which is being coordinated by the Caribbean Philanthropic Alliance in collaboration with the Trees That Feed Foundation, the Clinton Global Initiative, and other partners.
Last April, the teams together announced plans to plant one million trees across 14 Caribbean countries by June this year. Now, with over 9,600 ornamental and food bearing trees already planted by the Sandals Foundation and its partners, the philanthropic arm of Sandals Resorts International is increasing the stakes.
“The environment around us is not only our home, but everything that keeps us alive,” said Heidi Clarke, executive director of Sandals Foundation. “Investing in the long-term viability of these natural environments will help to strengthen the many ecosystems that are critical for providing food, water, and protecting our communities and livelihoods, improving the way of life in the region for locals and tourists alike to enjoy.”
- Region specific activities
Outside of its tree planting mission, here in the Turks and Caicos Islands, the Sandals Foundation plans to establish community compost training in an effort to strengthen food security, increase solid waste management, and adopt climate smart agricultural practices. The island of Providenciales is known for having far less fertile soil with limited farmers or localized sources of produce. Now, through its Beaches Turks and Caicos resort, team members will lead the composting efforts, providing an opportunity for students and farmers from surrounding communities to learn, participate, and share the acquired knowledge and practices with their communities.
“Environmental education is an important part of our conservation efforts,” said Georgia Lumley, environmental coordinator at Sandals Foundation. “By collaborating with key organisations, students are learning about the importance of protecting the environment and endangered species while participating in activity execution through eco-camps and field trips.”
In Barbados, the Foundation’s conservation efforts will see to the enhancement and improving the eco-offering and experience at the historic Andromeda Botanic Gardens by adding an ethnobotanical garden with an outdoor classroom, creative signage, and the planting of 30 trees. Sandals Foundation, in collaboration with the park’s managers, Passiflora Limited, is creating a haven for native and regional plants, their cultural uses, the associated biodiversity, and a resource for the Barbadian community.
Last year, with support from the Sandals Foundation, the Grenada Fund for Conservation planted 4000 mangroves. Now, with the upcoming infrastructural improvements and training of community guides at Woburn Interpretive Centre, the initiatives will strengthen the island’s coastline and build on their efforts to encourage eco-tourism respectively.
In Jamaica, over 2000 timber trees have been planted as part of reforestation and conservation efforts at the biodiversity hotspot of the UNESCO World Heritage Site—the Blue and John Crow Mountains National Park. The area which contains 50 percent of the island’s endemic plants, is managed by the Jamaica Conservation and Development Trust, with whom the Foundation partners to activate its initiatives.
Team members from Sandals and Beaches Resorts have also rolled up their sleeves and, together with representatives from the Forestry Department and the Mustard Seed Community in Jamaica have planted almost 200 food-bearing trees in communities, with plans to plant 600 more by June.
The careful management of invasive species is also a key component in the philanthropic arm’s conservation effort.
In The Bahamas, Sandals Foundation ambassadors along with the Bahamas National Trust are set to remove
invasive species and plant some 1000 trees in the Lucayan National Park. Through the engagement of student volunteers, the islands will continue its rich tradition of promoting environmental education among its young people, thereby fostering the next generation of environment stewards.
“We are educating students and communities throughout the region on the importance of removing invasive species as we enter spaces they occupy and plant native species,” “We have supplemented these removals with reforestation activities that include the planting of food-bearing trees, such as what we continue to support at Signal Hill in Antigua,” said Lumley.
The construction of a shade house at Wallings Nature Reserve in the twin island territory will also contribute to the charitable arm’s conservation efforts, which began in that area last year with the planting of 1,008 food-bearing trees.
The Sandals Foundation has an extensive record of environmental conservation. Over the past 13 years, the organisation has planted over 17,000 fruit and ornamental trees throughout the Caribbean by galvanizing the support of Sandals and Beaches Resorts team members, community groups, partners, travel agents, guests, students, and volunteers.
This year, the entity remains committed to increasing forest coverage, protecting wildlife, enhancing biodiversity, creating eco-tours, educating children and empowering communities to take part in conservation.
Persons wishing to support the tree planting efforts can visit the Sandals Foundation website at www.sandalsfoundation.org and donate to the ‘Caribbean Tree Planting Project’. One hundred percent of all funds donated will be directed towards purchasing seedlings and maintaining the plant sites to ensure tree survival.
Press Release: Sandals Foundation
By Deandrea Hamilton | Editor
September 28, 2026 – Wall Street initially flinched at the $3-billion handshake. But in a matter of days, it was smoother sailing.
Perhaps the bigger Caribbean business story is not what Sandals Resorts International is getting from the deal. It is who is writing the
cheque — and what that says about what Gordon “Butch” Stewart built.
As reports of Royal Caribbean Group’s Sandals deal circulated Tuesday, RCL shares plunged 6.14 percent from Monday’s $250.25 close to $234.89, on sharply elevated trading.
When the agreement became official Wednesday — approximately $3 billion for a 50 percent equity interest in Sandals and Beaches Resorts — shares slipped another 1.95 percent to $230.30 and touched $222.22 intraday. Investors were digesting both the size of the investment and committed debt financing secured through Morgan Stanley.
But by Thursday, RCL rebounded 3.77 percent, with shares continuing their recovery Friday to finish the week around $243. Analysts were also looking ahead: JPMorgan reportedly raised its RCL price target from $345 to $394, while Citi placed the company on a 90-day positive catalyst watch.
And just who is RCL?
Royal Caribbean Group is a global vacation giant, publicly traded on the New York Stock Exchange with a market value of roughly $65 billion. Its portfolio includes Royal Caribbean International, Celebrity Cruises and Silversea, alongside private destinations and an
expanding vacation platform.
So when a company of that scale commits $3 billion for only half of Sandals and Beaches Resorts, the transaction puts a striking financial marker on one of the Caribbean’s greatest home-grown hospitality success stories.
The deal, expected to close in early 2027, creates a 50-50 partnership with the Stewart family and takes Royal Caribbean deeper into the all-inclusive resort business.
Butch Stewart started Sandals in Jamaica in 1981 believing a Caribbean company could compete with the world’s best.
Forty-five years later, one of the world’s biggest vacation companies is prepared to pay $3 billion just to own half of what he built.
Now that’s the handshake that does more than seal a deal — it cements a legacy.
Caribbean News
Royal Caribbean Group and Sandals Resorts Announce Landmark Partnership to Accelerate Their Leading Vacation Experiences
Royal Caribbean Group Investment to Advance Sandals and Beaches’ Growth and Broaden the Group’s Vacation Portfolio
Montego Bay, Jamaica and Miami, September 24, 2026 – Royal Caribbean Group (NYSE: RCL) and Sandals Resorts today announced the signing of an agreement to form a partnership in the all-inclusive resort space with a 50% investment from Royal Caribbean Group. Building on Sandals and Beaches Resorts’ more than four decades of leadership in Caribbean hospitality, the joint venture will create new opportunities for continued resort growth while broadening the experiences across Royal Caribbean Group’s vacation platform.
The partnership brings together two of the travel industry’s most celebrated vacation companies, pairing Sandals and Beaches’ all-inclusive resort expertise with Royal Caribbean Group’s vacation platform, including industry-leading brands – Royal Caribbean, Celebrity Cruises and Silversea – a portfolio of private destinations, new river cruising offering, and an industry-first loyalty program. United in a shared history in the Caribbean and connected by a love for their communities, the companies will offer travelers an unparalleled collection of cruise, private destination and resort experiences, serving guests across more vacation occasions and establishing their undisputed leadership in Caribbean vacations.
The joint venture expands Royal Caribbean Group into an adjacent vacation category, growing its participation in the approximately $2 trillion global vacation market, and meets the growing global demand for Sandals and Beaches Resorts by accelerating their expansion. The partnership will include Sandals and Beaches’ collection of premier all-inclusive properties across the Caribbean, and the companies will explore opportunities to broaden distribution, deepen guest engagement, and make it easier for travelers to discover vacation experiences offered across both portfolios.
“For nearly 60 years, we’ve reimagined what a vacation can be, constantly expanding the ways we inspire our guests to explore, connect and create lifelong memories,” said Jason Liberty, Chairman and CEO, Royal Caribbean Group. “We have been building a vacation platform that brings joy to millions of people around the world and creates meaningful relationships that last with our guests. Our partnership with
Sandals and Beaches Resorts is an important next step on that journey – bringing together two iconic leading vacation companies to further strengthen and grow one of the most admired resort portfolios in the world. The Stewart family has created powerful and beloved brands, and we are honored to build on that legacy. Together, we see tremendous opportunity to expand the reach of Sandals and Beaches Resorts and continue turning the vacation of a lifetime into a lifetime of vacations.”
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality. Today is proof of how far that vision can go,” said Adam Stewart, Executive Chairman of Sandals Resorts and Beaches Resorts. “This partnership is the natural next step in building on that conviction. It gives us the ability to grow faster with a partner that shares our values of exceptional hospitality, long-term investment, and the power of enduring brands. Together, we will introduce more guests to Sandals and Beaches Resorts while creating even more extraordinary experiences for those who have made our resorts part of their lives for decades.” Stewart added, “As we continue to grow, we will remain true to what has always defined us: delivering authentic vacations that exceed expectations while creating opportunities for our team members, travel advisor partners and the communities we call home. The future has never been brighter, and I know this moment would make my father incredibly proud.”
The joint venture will be governed by a board under the shared leadership of Stewart and Liberty. Stewart will maintain a leadership role in
guiding the company’s long-term strategic growth as Executive Chairman of Sandals and Beaches Resorts. Existing reservations, loyalty programs, resort operations and cruise operations will continue as usual, with the partnership bringing additional resources to support future opportunities.
Under the terms of the agreement, Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion, representing a forward EBITDA multiple of approximately 10x. Royal Caribbean Group has secured committed debt financing from Morgan Stanley to fund the investment. The transaction is expected to close in early 2027, subject to customary approvals and closing conditions, and is expected to be accretive to earnings next year.
BofA Securities and PJT Partners acted as financial advisors, and Latham & Watkins and Jones Day acted as legal advisors to the Sandals Group. Perella Weinberg Partners and Morgan Stanley acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Royal Caribbean Group.
PHOTO CAPTION: Jason Liberty, Chairman and CEO of Royal Caribbean Group, and Adam Stewart, Executive Chairman of Sandals Resorts, mark the signing of an agreement to form a landmark partnership that expands Royal Caribbean Group into the all-inclusive resort space and supports the future growth of Sandals and Beaches Resorts. The signing took place at Royal Caribbean Group’s new headquarters in Miami, with the city’s skyline in the background.
The Caribbean tourism deal first reported as a possibility on Tuesday is now a signed agreement. Royal Caribbean Group plans to pay
approximately US$3 billion for a 50% stake in Sandals and Beaches Resorts, putting the value of the business at about US$6 billion. The purchase is expected to close in early 2027, subject to approvals.
Founded in Jamaica by the late Gordon “Butch” Stewart in 1981, the resort business has a presence across nine Caribbean destinations, including Jamaica, The Bahamas and Turks and Caicos. Sandals has described its workforce as nearly 20,000 people, most of them Caribbean nationals.
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality,” said Adam Stewart in the announcement carried by PR Newswire. He will remain executive chairman, while the Stewart family retains a stake. The companies say existing reservations and resort operations will continue as usual.
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