Looks like Beaches Sandy Bay Resort will no longer be affiliated with Sandals/Beaches. Read the full article in Travel Pulse by Brian Major.
Update (February 2013) Beaches Sandy Bay Resort is now Seashore Bay Beach Resort, a Karisma Resort.
Related: Beaches Sandy Bay
Related: Updates from Sandals and Beaches Resorts
Also see: All Inclusive Day Passes to Sandals and Beaches Resorts