Caribbean News
Sandals Foundation, Beaches Resorts, and Sesame Workshop Present “Sesame Street: Let’s Learn!”
FREE Resources & Webinars for Early Childhood Parents and Educators
#TurksandCaicos, June 19, 2021 – Supporting the educational development of the island’s young, the Sandals Foundation and Beaches Resorts have teamed up with Sesame Workshop’s Sesame Street in Communities to host three free webinars and share over 300 FREE online resources with educators and families of children ages Birth-8 years old.
The Sesame Street: Let’s Learn! initiative, which has been fully endorsed by the Ministry of Education, Labour, Employment and Customer Services, forms part of Beaches Resorts’ longstanding partnership with Sesame Workshop. As a proud sponsor of Sesame Street, Beaches Resorts is the only resort company to offer Caribbean Adventures with Sesame Street, which includes immersive, playful learning at the Sesame Street Kids Camp, walkaround characters, live shows, parades, and more. Through social impact initiatives with Sesame Street in Communities and the Sandals Foundation, the organizations are able to bring the laughter and learning of Sesame Street to local communities in Jamaica and Turks & Caicos.
Heidi Clarke, Executive Director at Sandals Foundation says, “In light of the challenging time that it has been for families, educators and children, it was important for us to see how we engage our partners at Sesame Workshop who are experts in child development, creating age-appropriate content, and helping children cope with complex social issues and big feelings.”
“The resources,” Clarke said, “supplement children’s learning as well as provide social and emotional support so every child can succeed in school.”
Jeanette Betancourt, Senior Vice President, U.S. Social Impact, at Sesame Workshop says, “We know this past year has been a challenge for families, caregivers, and educators. The free resources, including webinars and Sesame Street videos, storybooks, and more will keep children engaged and learning. We look forward to working with our longstanding partner Beaches Resorts, along with the Sandals Foundation, Ministry of Education, and the local community to help kids across the island grow smarter, stronger, and kinder.” Antonio Freitas, Senior Content Manager, Sesame Workshop is leading this effort in training.
The webinars address the most essential needs of children today—tackling school readiness, coping with the challenges that impact their learning, including health emergencies such as the Covid-19 pandemic, and building resilience in facing tough issues.
On Wednesday, June 9, just over 60 educators, parents, and caregivers joined Sesame Workshop early childhood experts online using the Zoom platform to explore school readiness resources geared to support children learning.
In his opening address, Edgar Howell, Director of Education, expressed delight in the collaboration noting, “We are excited about the webcasts, about the opportunities that are being provided to teachers, parents, and children especially given the impact that Covid-19 has had on Turks and Caicos. We are anxious to see what our teachers and parents will learn from being involved.”
During the interactive session, which explored the importance of learning through play, having parents/guardians present, and developing meaningful moments with children, attendees viewed videos and participated in activities, as well as shared their own experiences in ensuring children are school ready.
One parent participating in the session shared, “The workshop was very insightful with numerous topics for working with families, as well as professional development topics to explore. The videos and other resources will also prove to be very beneficial. An excellent session!”
On Wednesday, June 16, the second scheduled webcast will explore health emergencies, while on June 23, the early childhood experts will share how to help children build confidence and overcome challenges with resources that help develop resilience. Persons who were unable to attend the first session can access the recording through the Sandals Foundation or the Sesame Street in Communities Facebook pages. Parents and educators may also access the more than 300 learning resources through Sesame Workshop’s digital platform, Sesame Street in Communities and sign up for the upcoming webcasts at m.sesame.org/ssicbeaches.
Since the opening of Beaches Turks and Caicos in 1997, the company has invested in numerous educational projects, providing school supplies and facilitating development programs within schools.
James McAnally, General Manager at Beaches Resorts, says, “In addition to and independent of our work with Sesame Workshop. through the Sandals Foundation, we’ve been able to scale up the reach of our involvement within the sector by helping to distribute digital learning devices, coordinating the building of hand wash stations, facilitating upgrades to school facilities and hosting first aid, CPR and special needs training for teachers. These webinars are well timed and will certainly offer much needed support in these unique and ever-evolving times.”
Release: Sandals Resorts
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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