Blackstone (NYSE: BX) and Allegiant Travel Company (NASDAQ: ALGT) today announced that funds affiliated with Blackstone Real ...

Allegiant Air’s parent company is selling its Florida resort less than two years after it opened the property, following ...

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

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

Allegiant has brokered a deal to sell its Sunseeker resort to Blackstone for $200 million, which should create some financial ...

Blackstone Real Estate agrees to acquire Sunseeker Resort Charlotte Harbor from Allegiant Travel Company for $200 million in ...

Allegiant Travel, the parent entity of Allegiant Air (G4, Las Vegas Harry Reid ), announced that Blackstone Real Estate has ...

"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 Michael Landsberg, CIO at Landsberg Bennett Private Wealth Management.

Allegiant opened Sunseeker in late 2023, after the company borrowed $350 million almost four years ago to help pay for the project.

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