B
lackstone Real Estate has agreed to acquire Sunseeker Resort Charlotte Harbor from Allegiant Travel Company for $200m. The resort, located on Florida's Gulf Coast, boasts 785 rooms across 22 waterfront acres and features a range of amenities including multiple pools, a spa, fitness centre, golf course, and meeting space.
The acquisition highlights Blackstone Real Estate's confidence in the hospitality sector and its ability to manage large-scale resorts. Scott Trebilco, senior managing director at Blackstone Real Estate, said: "We're excited to bring our expertise to Sunseeker Resort and help it reach its full potential."
Allegiant Travel Company CEO Gregory C Anderson added that Blackstone's extensive experience in hospitality made them the ideal partner for the transaction. The sale will enable Allegiant to repay debt and strengthen its balance sheet.
The deal is expected to close in the third quarter of 2025, pending customary conditions. Barclays acted as financial adviser to Allegiant on this transaction. This acquisition marks another significant move by Blackstone Real Estate in the hospitality sector, following its recent deals including a majority stake in M3, a hospitality accounting software provider, and the acquisition of Village Hotels from KSL Capital Partners.
