Blackstone Real Estate to acquire Sunseeker Resort Charlotte Harbor for $200m
Funds affiliated with Blackstone Real Estate, a division of the global investment company Blackstone, have agreed to acquire Sunseeker Resort Charlotte Harbor from Allegiant Travel Company for $200m.
Located on Florida's Gulf Coast, the newly developed resort features 785 rooms across 22 waterfront acres.
Sunseeker Resort Charlotte Harbor is equipped with multiple food and beverage options, two pools, a spa, a fitness centre, a rooftop adult pool and bar, a championship golf course, and over 60,000ft² of indoor meeting space.
Blackstone Real Estate senior managing director Scott Trebilco said, “The acquisition of this brand new, highly-amenitised resort demonstrates our strong conviction in hospitality and travel and the continued growth in group-oriented destinations.
“Allegiant has built a fantastic property, and we look forward to bringing our extensive experience with large-scale resorts to Sunseeker.”
Allegiant Travel Company CEO Gregory C Anderson said, “Blackstone’s extensive hospitality holdings and their execution capabilities make them the ideal counterparty for this transaction and also to help realise the full potential of Sunseeker Resort.
“Furthermore, it supports Allegiant’s strategy centred around the airline, and we plan to use the proceeds from the sale to repay debt and strengthen our balance sheet.”
Barclays acted as the financial adviser to Allegiant for this transaction. The deal is anticipated to conclude in the third quarter of 2025, pending customary conditions.
In August 2024, Blackstone Growth and affiliated funds entered a definitive agreement to acquire a majority stake in hospitality accounting software provider M3. The financial details of this deal were not disclosed.
In June 2024, Blackstone Real Estate announced the acquisition of Village Hotels from affiliates of KSL Capital Partners, a specialist in travel and leisure investments.
"Blackstone Real Estate to acquire Sunseeker Resort Charlotte Harbor for $200m" was originally created and published by Hotel Management Network, a GlobalData owned brand.
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