Caribbean News
Brighter Futures Center Grand Opening
#TurksandCaicos, January 24, 2023 – The Salvation Army Brighter Futures Community Center held its grand opening Saturday, January 24th. The event brought together supporters, dignitaries, and the general public in a celebration of a brand-new facility dedicated to the development of youth in the Turks and Caicos Islands.
“Tonight, we celebrate over ten years of fundraising, planning, and construction”, Salvation Army TCI Advisory Board Chairperson stated, “this facility will provide the children of our nation hope”. Foss explained that he knew they could not raise the $2.6 million needed to purchase the land and construct the building by holding traditional fundraisers. “We did not want to impact our regular fundraising which supports several programs such as the hot lunch program for at-risk students, textbook and school uniform initiatives, food insecurity assistance, the seniors’
transportation program in Middle Caicos, or any of the other good work that occurs regularly in our islands. We focused on private donations, and even then, we were careful not to disrupt the funding of other local non-profits also doing great work”.
Foss explained that it took several years to get their first large donation. A donation that gave them the confidence and hopes that they could eventually reach their goal, “the first major step toward the reality of what we were trying to do came when the Salvation Army Bahamas and the Salvation Army International organizations donated the funds to purchase the land, which we did immediately. Before the land was purchased, I would go to people and ask them if they would donate to the facility and they would say, ‘where will it be built’? and I would have to say that I did not know yet. People are generous by nature and they want to help good causes, but they also want to know that they are donating to something that is going to happen”.
Once the land was purchased and the site of the center was known, he states that things started to change when he approached possible donors, “now that we had a site, I could give my pitch with confidence and four years into the effort we received a $50 000 donation from Canadians Dale and Wendy Papke of Ports of Call. That donation gave me hope. While we managed several $5000 and $10 000 donations, we still had a long way to go until I met the David and Julie Brown family, also from Canada. The Brown family loves the Turks and Caicos Islands and makes it their home many months of the year. They also care about young people and want to provide as many opportunities as possible. They were game changers with a total commitment of $750 000 toward the project.”
In his address to the crowd on Saturday night, Foss explained that it was not just money that was needed to get the project built, but expertise and assistance. “Not only did the Brown Family offer critical financial support, but the entire family also including their son Kyle helped me produce a marketing plan and materials. When you have like-minded caring people helping you do the heavy lifting, it becomes easier to move forward. We found an amazing contractor in Phillip ‘Skintight’ Handfield to build the facility at cost. Another huge step forward occurred when Mark and Anna Parrish offered their support. Mark, owner of the quantity surveying firm Concept Plus agreed to project manage the construction process as a volunteer. Anna donated all the stone and ceramic tiles along with most of the windows for the building”.
The volunteer Advisory Board Chair said momentum was on their side and they began building the facility before they had all the funding needed in place. He stated, “we had momentum, and we didn’t want to lose it by waiting for all the money and we were confident once people could see the construction occurring, they would lend their support. We started the build just before the pandemic and were cruising along with donations continuing to come forward. However, during the pandemic, the cost of construction materials began to rise dramatically and suddenly we were going to be short approximately $200 000 to cover the increases. I made an appeal to the members of the Turks and Caicos Hotel and Tourism Association (TCHTA) and within forty-eight hours we had raised the extra funds to complete the facility. It was an incredible show of caring corporate citizenship”.
The building consists of the Salvation Army church, a large multi-purpose event center, an early childhood education classroom, and a commercial community kitchen to be used to supply hot lunches to at-risk students in government schools, counseling rooms, and the Salvation Army TCI administration offices. Eventually, the facility will include a community garden and will become a certified hurricane shelter for the general public.
Foss said he and his wife Leslie, a volunteer responsible for all Salvation Army TCI fundraising events, are humbled by the opportunity to be involved and excited to see the building completed and in use. Most importantly, Todd Foss
let it be known that the theme of the building is Hope and that it will be home to other non-profits offering hope to the youth of Turks and Caicos, “since 2007 the Salvation Army TCI has done amazing work in our country, all without a permanent facility. Not having a facility made things challenging. We want other youth-based non-profit organizations to call the Brighter Futures Community Center home so they can expand their work. We are excited to offer the use of the facility to Jr. Achievement TCI, the TCHTA Little Chefs program, the TCHTA Hospitality Program, The TCI Youth Parliament, the Police Youth Band, and others. In addition, we look forward to joint partnerships with amazing organizations such as the Ed Garland Youth Center”.
As the facility began to rise, so did violent crime among the Island’s young population, making the Brighter Futures Community Center more important than ever. Foss suggested that “too often I see people suggesting that troubled youth is a government problem to solve, or it is the parent’s fault, or I hear a lot of what is the Governor doing or why are the police not arresting all the bad people. The truth is that at-risk youth is a complex issue with no easy solution, but whatever the solution it is up to all of us to be a part of it. The Salvation Army TCI Brighter Futures Community Center’s purpose is to bring Hope to the youth of our country and Hope is the best tool to guide young people down a path towards a positive life”.
Sponsored by the Salvation Army Bahamas and the generous donations of Mr. Frank Crothers, the Salvation Army began work in Turks and Caicos in 2007. In 2011, it became the 131st country to receive official country status within the organization. Formed in 1865, the International Salvation Army operates in 133 countries and is the second-largest non-profit organization in the world. It is an integral part of the Christian Church with objectives to advance the Christian religion while providing important humanitarian work in education, relief of poverty, and other charitable efforts benefiting society and the community of mankind as a whole.
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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