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

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

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

The 785-key Sunseeker Resort Charlotte Harbor joins Blackstone’s large-scale hospitality portfolio after facing financial ...

Sunseeker Resort for ~$200M, far less than the amount the company spent developing the property, according to a media report ...

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

"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.

Blackstone Inc. has agreed to purchase Allegiant Travel Co.’s Sunseeker Resort for $200 million, far less than the $720 ...

A new executive order from President Donald Trump will charge non-U.S. residents higher fees for national park entry and ...

Allegiant Travel Co. is selling Sunseeker Resort Charlotte Harbor in Florida, seen in this undated photo, for $200 million to investment giant Blackstone.

Allegiant reported a $322.8 million impairment charge related to the Sunseeker Resort in the fourth quarter of last year, contributing to a net loss of $216.2 million for that quarter.