Are you planning a vacation to the Caribbean and considering staying at Sandals Resort? You might be wondering who owns this luxurious resort chain. Well, let’s explore the fascinating history of Sandals Resorts and its ownership.
The Beginning
In 1981, Gordon “Butch” Stewart, a Jamaican businessman, founded Sandals Resorts in Montego Bay, Jamaica. His vision was to create an all-inclusive luxury experience for couples looking to escape to paradise. Stewart’s motto was “Love is all you need,” and he set out to make that a reality for his guests.
The Expansion
Over the years, Sandals Resorts grew rapidly and expanded beyond Jamaica to include other Caribbean destinations such as Antigua, Saint Lucia, Bahamas, Grenada, and Barbados. The company also introduced new brands such as Beaches Resorts for families and Grand Pineapple Beach Resorts for budget-conscious travelers.
The Acquisition
In 2017, Sandals Resorts was acquired by Canadian private equity firm Catterton Partners. The deal was reportedly worth $1 billion and gave Catterton a majority stake in the company. However, Butch Stewart remained as Chairman of the Board and continued to oversee the day-to-day operations of the resorts.
The Partnership
In 2021, Sandals Resorts announced a new partnership with Marriott International. The partnership will allow Marriott Bonvoy members to earn and redeem points at Sandals Resorts properties while also offering exclusive perks such as free room upgrades and access to private events.
The Future
Despite changes in ownership and partnerships, Sandals Resorts remains committed to providing an unparalleled vacation experience for its guests. The company has plans for expanding into new destinations such as Curacao and Saint Vincent while also renovating existing properties with new amenities like overwater bungalows.
- Conclusion:
- Sandals Resorts is owned by Catterton Partners, a Canadian private equity firm, but still operated by its founder, Gordon “Butch” Stewart.
- The resort chain has expanded rapidly since its inception in 1981 and now includes multiple brands and destinations across the Caribbean.
- Recently, Sandals Resorts has partnered with Marriott International to offer even more benefits to its guests.
- With plans for further expansion and renovations, Sandals Resorts is poised to continue providing unforgettable experiences for couples and families alike.
So there you have it – the story of Sandals Resorts’ ownership. Now that you know who owns this luxurious resort chain, you can book your stay with confidence and look forward to experiencing the ultimate in Caribbean hospitality.