Not For Sale: Sandals CEO Shuts Down Deal Rumors

Adam Stewart has a message for the bankers and buyout firms circling his family's all-inclusive empire: Sandals Resorts International isn't for sale.

"At this stage, we're just kind of warming up, so we're not looking at exiting," said Stewart, executive chairman. "I'm not going anywhere."

Stewart made the comments when asked about a March 2025 Wall Street Journal report that the Caribbean operator had tapped bankers about a sale that could fetch $6 billion to $7 billion.

Stewart said the company has been raising money to keep building.

"We've for sure been in the marketplace raising funds [for] the buildout that the business is behind, but I don't think there's any chance of me retiring at 45 years old, so that's not the case," he said.

"We have been approached, for more than a decade, by all the majors," Stewart said of potential strategic acquirers. Sandals Resorts most seriously considered a sale around 2019 under the late