Sandals Resorts International “is exploring options to accelerate the company’s long-term growth and development plans,” the company said in a statement on Thursday.
The statement was issued in response to a Reuters report on May 10 that said Sandals was exploring strategic alternatives, including a potential sale of the company, and hired investment bank Deutsche Bank AG to explore its options.
Privately held Sandals was founded in 1981 by Butch Stewart and began as a single hotel — the current Sandals Montego Bay.
Today, the company has 15 Sandals resorts, three Beaches resorts, one Grand Pineapple resort, the Fowl Cay private island and four villas in Jamaica.
-Originally published in: Travel Weekly by Gay Nagle Myers May 11, 2017
Getting ready to plan your next trip or just interested in travel news?
Please remember to contact Destinations with Character Travel for ALL of your Disney, Universal, SeaWorld, and Orlando Area Vacations, Adventures by Disney, Cruising, Tour, and exciting vacation packages all over the world. When booking though Destinations with Character Travel, all of our Disney Services, including FastPass+ and Dining reservation services are completely FREE. Also, you will always have a DEDICATED agent, available to you 24/7 from the very first minute of planning, right up until the day you return home, to answer all of your questions and handle any of your vacation needs.
We believe no one should be denied a vacation based on needs or budget, there’s something for everyone.
- New from Ancestry® and Kensington Tours Personal Heritage Journeys – A journey unlike any other, one you will cherish forever. - March 2, 2021
- Great Deal for The Hard Rock Hotel & Casino in Punta Cana! - March 1, 2021
- Royal Caribbean Odyssey of the Seas – Inaugural Season Now Sailing From Haffa, Israel in May 2021 - March 1, 2021