Allegiant Travel, the parent entity of Allegiant Air (G4, Las Vegas Harry Reid), announced that Blackstone Real Estate has agreed to acquire the Sunseeker Resort Charlotte Harbor for USD200 million after weeks of speculation concerning the resort's future.

The transaction is expected to close in the third quarter of 2025. Gregory C. Anderson, CEO at Allegiant Travel Company, said the sale "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." The company's debt at the end of 2025's first quarter totalled USD1.7 billion.

The hotel, located in southwestern Florida, has been a financial black hole for the company since its unveiling in 2017.

The resort was opened to the public in 2023, three years after its initial expected opening due to the pandemic. It features 785 guestrooms and has about 60,000 square feet (5,574 square metres) of meeting and event space.

At the start of the year, Robert Neal, chief financial officer of Allegiant, estimated the book-value of the resort at around USD600 million.