 In April 1981, Stewart bought two derelict hotels, the Bay Roc and the Carlisle in Montego Bay.The Bay Roc had been abandoned for more than five years when Stewart hired architect Evan Williams to renovate the hotel for $4 million and reopen it the same year as the Sandals Resort Beach Club, later known as Sandals Montego Bay.Stewart founded Sandals Resorts which was the first company to popularize the sale of all-inclusive holidays in the Caribbean.