Blackstone to Acquire Allegiant’s Troubled Sunseeker Resort for Just $200 Million

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

Blackstone will acquire Allegiant Air’s beleaguered Sunseeker Resort for $200 million, the companies said Monday, marking a major loss for the airline just 18 months after opening the Florida property at a cost of $720 million.

Allegiant had been looking to offload the Charlotte Harbor, Florida hotel following a string of quarterly losses. The hotel had become a drag on Allegiant’s bottom line, as the carrier recorded property damage costs from hurricanes and low operating revenues.

Blackstone, the largest alternati