Caribbean News
Community Meetings Provide Feedback for Trust Fund’s School and Library Reconstruction Projects
Philipsburg, Sint Maarten – The National Recovery Program Bureau (NRPB) has concluded the latest round of community consultations for the Fostering Resilient Learning Project (FRLP). These events, held in early October, were designed to inform and engage residents about the project, which focuses on reconstructing safe educational and cultural spaces as part of Sint Maarten’s ongoing recovery efforts post-Hurricane Irma. This phase of the FRLP includes rebuilding Sister Marie Laurence and Charles Leopold Bell schools, as well as reconstructing the St. Maarten Library.
With the demolition of the three buildings approaching, the consultations provided a platform for neighborhood residents, educators, and community representatives to ask questions, share any concerns and provide input on different aspects of the project. Attendees discussed how the project might affect their communities and offered suggestions for improvements.
At the Sister Marie Laurence premises in Middle Region, the project team reassured neighborhood residents concerned with demolition and noise that these issues would be addressed in the Contractor-Environmental and Social Management Plan (C-ESMP), a plan designed to mitigate and reduce any negative effects on both the community and the environment during construction. This plan will include measures to maintain road access and traffic flow, whilst also minimizing disruptions such as noise and dust pollution. The project team explained that the C-ESMP would be finalized once the demolition contract is signed, and a start date of the demolition work is confirmed.
At the St. Maarten Library session held at the John Larmonie Center, the consultation was highly interactive, with participants asking questions about future programs and the design of the new library spaces. The design firm, KS&P was present, and the FRLP project team explained that once concept drawings are ready, another meeting would be scheduled for community feedback. Residents also expressed concerns about asbestos in the old building. The project manager clarified that an external company conducted assessments, and no asbestos was found.
During the consultation for Charles Leopold Bell School held at Carl’s Unique Inn, there were concerns about the safety of the school’s sports court, currently located near a busy road. The community suggested that the court be relocated to the rear of the school for improved safety. The project team explained that further discussion with MECYS would be needed, as the current mandate for the sports field focuses on repairs, rather than new construction. Additionally, some attendees were confused about a previous asbestos report. The project team assured everyone that all necessary environmental assessments had been conducted, and confirmed there was no asbestos at the three project sites.
Ursel Biabiany, the Stakeholder Engagement Coordinator of the NRPB explained to the community that the NRPB remains dedicated to addressing concerns raised during these consultations and keeping the public informed. “We take the community’s feedback seriously and work closely with all project stakeholders to ensure that the demolition and rebuilding process prioritizes public safety and community concerns.”
“We have made considerable efforts to engage the public, including distributing flyers door-to-door and answering questions directly. This open dialogue has led to productive feedback from the local community, which will help shape our plans moving forward.”
Demolition of each building is expected to last two months, with work set to begin in early 2025. The design phase for the Library and Charles Leopold Bell School will take about seven months, wrapping up by the second quarter of 2025. Following the design phase, contractors will be selected according to World Bank procurement guidelines, and construction is anticipated to start in the first quarter of 2026, lasting up to a year.
To address the concerns of the community, the project team will closely monitor vibrations from demolition activities. Before the work starts, assessments of nearby homes and businesses will be conducted to document their current condition. This will allow the project team to identify potential damage that could be caused during demolition, reassuring residents that their properties are protected.
Claret Connor, NRPB Director, assures the community that the organization is committed to reconstructing educational and cultural facilities that meet modern standards. “These consultations have been invaluable in allowing us to engage with residents directly and take their feedback into account as we work towards delivering safer, stronger, and more sustainable public facilities that will stand the test of time.”
Further consultations are planned, including private meetings for residents with specific concerns. NRPB invites continued feedback from the community via email frlp@nrpbsxm.org and encourages residents to stay informed through regular project updates on www.nrpbsxm.org/frlp.
Any complaints or grievances can be sent to https://nrpbsxm.org/complaints-procedure/
The Fostering Resilient Learning Project is implemented by the National Recovery Program Bureau on behalf of The Government of Sint Maarten under the Trust Fund, which is financed by the Government of the Netherlands and managed by the World Bank.
Photo Caption: Presentation of St. Maarten Library at John Larmonie Center, Philipsburg – Top Right: Community members and stakeholders at NRPB consultation, John Larmonie Centre, Philipsburg – Bottom right: Stakeholders, including Member of Parliament Melissa Gumbs and MECYS Minister Lyndon Lewis, at NRPB consultation, John Larmonie Center, Philipsburg
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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