Overseers of funds affiliated with Blackstone Real Estate have agreed to acquire the Sunseeker Resort Charlotte Harbor in Florida from Allegiant Travel Co. for $200 million.
The 785-room Sunseeker Resort Charlotte Harbor covers 22 waterfront acres on the Gulf Coast. The property has multiple food and beverage concepts, two pools, a spa, a fitness center, a rooftop adult pool and bar, a golf course and more than 60,000 square feet of combined indoor meeting space.
“The acquisition of this brand new, highly amenitized resort demonstrates our strong conviction in hospitality and travel and the continued growth in group-oriented destinations,” Scott Trebilco, senior managing director at Blackstone Real Estate, said in a statement. “Allegiant has built a fantastic property and we look forward to bringing our extensive experience with large scale resorts to Sunseeker.”
“Blackstone's extensive hospitality holdings and their execution capabilities make them the ideal counterparty for this transaction and also to help realize the full potential of Sunseeker Resort,” said Gregory C. Anderson, CEO at Allegiant Travel Company. “Furthermore, it supports Allegiant's strategy centered around the airline and we plan to use the proceeds from the sale to repay debt and strengthen our balance sheet.”
Barclays served as financial advisor to Allegiant on this transaction.
The transaction is expected to close in the third quarter of 2025, subject to satisfying customary conditions.