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.

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 ...

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

"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.

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

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

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.