After facing myriad challenges, Allegiant Travel Co. has announced the sale of its Sunseeker Resort in Charlotte Harbor to affiliates of Blackstone.

With a low P/E multiple and potential upside for investors, Allegiant Travel Company (NYSE:ALGT) is among the 14 Cheap ...

The hotel, which had become a drag on Allegiant’s profitability, will be sold to Blackstone at a steep discount.

"They bought it for about 30 cents on the dollar... I don't think it's going to take them years to turn this around," said ...

Blackstone Inc. has agreed to purchase Allegiant Travel Co.’s Sunseeker Resort for $200 million, far less than the $720 million that the parent of Allegiant Airlines spent building the beleaguered ...

Allegiant had already booked a $322 million impairment on the resort in the fourth quarter of fiscal year 2024, and the sale ...

Blackstone Real Estate will buy Sunseeker Resort Charlotte Harbor from Allegiant Travel Co. for $200 million.

Allegiant reported a $322.8 million impairment charge related to the Sunseeker Resort in the fourth quarter of last year, contributing to a net loss of $216.2 million for that quarter.

Blackstone acquires Sunseeker Resort from Allegiant Travel for $200M, far below its $720M development cost. Learn why this deal impacts both companies.