Sandals Acquisition Puts Meliá Hotels International Under Competitive Review

Royal Caribbean Group plans to acquire a 50 per cent equity interest in Sandals Resorts International for approximately US$3 billion. This transaction values Sandals at about US$6 billion, placing its annual forward EBITDA at roughly US$600 million. This valuation puts Sandals roughly on par with Meliá Hotels International, which reported 2025 EBITDA of €544.7 million, excluding capital gains.

The comparison places Meliá Hotels International against major resort groups, including its main rival, Riu Hotels & Resorts. Meliá targets at least €565 million in EBITDA this year, while Riu reported EBITDA of €702 million for 2024.