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Blackstone AG真人官方 Estate to Acquire Sunseeker Resort Charlotte Harbor from Allegiant Travel Company for $200 Million

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Allegiant Travel Company (NASDAQ: ALGT) has announced the sale of its Sunseeker Resort Charlotte Harbor to Blackstone AG真人官方 Estate (NYSE: BX) for $200 million. The transaction involves a newly-built resort featuring 785 rooms across 22 waterfront acres on Florida's Gulf Coast.

The resort includes extensive amenities such as multiple dining venues, two pools, a spa, fitness center, rooftop adult pool and bar, a championship golf course, and over 60,000 square feet of indoor meeting space. Allegiant plans to use the proceeds to repay debt and strengthen its balance sheet. The deal is expected to close in Q3 2025, subject to customary conditions.

Allegiant Travel Company (NASDAQ: ALGT) ha annunciato la vendita del Sunseeker Resort Charlotte Harbor a Blackstone AG真人官方 Estate (NYSE: BX) per 200 milioni di dollari. La transazione riguarda un resort di nuova costruzione con 785 camere distribuite su 22 acri di fronte al mare sulla costa del Golfo della Florida.

Il resort offre numerosi servizi, tra cui diversi ristoranti, due piscine, una spa, una palestra, una piscina per adulti con bar sul tetto, un campo da golf da campionato e oltre 60.000 piedi quadrati di spazi per meeting al coperto. Allegiant intende utilizzare i proventi per rimborsare debiti e rafforzare il proprio bilancio. La chiusura dell'accordo 猫 prevista per il terzo trimestre 2025, soggetta alle condizioni consuete.

Allegiant Travel Company (NASDAQ: ALGT) ha anunciado la venta del Sunseeker Resort Charlotte Harbor a Blackstone AG真人官方 Estate (NYSE: BX) por 200 millones de d贸lares. La transacci贸n incluye un resort de nueva construcci贸n con 785 habitaciones en 22 acres frente al mar en la costa del Golfo de Florida.

El resort cuenta con amplias comodidades como varios restaurantes, dos piscinas, un spa, gimnasio, piscina para adultos con bar en la azotea, un campo de golf de campeonato y m谩s de 60,000 pies cuadrados de espacio interior para reuniones. Allegiant planea usar los ingresos para pagar deudas y fortalecer su balance. Se espera que la operaci贸n se cierre en el tercer trimestre de 2025, sujeto a condiciones habituales.

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毽“韸傅鐢 鞐煬 鞁濎潓耄� 鞁滌劋, 2臧滌潣 靾橃榿鞛�, 鞀ろ寣, 頂柬姼雼堨姢 靹柬劙, 鞓レ儊 靹膘澑 鞝勳毄 靾橃榿鞛� 氚� 氚�, 毂旐敿鞏胳嫮 瓿攧 旖旍姢, 攴鸽Μ瓿� 6毵� 韽夒癌頂柬姼 鞚挫儊鞚� 鞁る偞 須岇潣 瓿店皠 霌� 雼れ枒頃� 韼胳潣 鞁滌劋鞚� 臧栰稊瓿� 鞛堨姷雼堧嫟. Allegiant电� 鞚措矆 毵り皝 雽旮堨潉 攵毂� 靸來櫂 氚� 鞛甑“ 臧曧檾鞐� 靷毄頃� 瓿勴殟鞛呺媹雼�. 瓯半灅电� 鞚茧皹鞝侅澑 臁瓣贝鞚� 於╈”頃橂┐ 2025雲� 3攵勱赴鞐� 鞕勲霅� 鞓堨爼鞛呺媹雼�.

Allegiant Travel Company (NASDAQ : ALGT) a annonc茅 la vente du Sunseeker Resort Charlotte HarborBlackstone AG真人官方 Estate (NYSE : BX) pour 200 millions de dollars. Cette transaction concerne un complexe h么telier r茅cemment construit, comprenant 785 chambres r茅parties sur 22 acres en bord de mer sur la c么te du golfe de Floride.

Le complexe propose de nombreuses commodit茅s, telles que plusieurs restaurants, deux piscines, un spa, un centre de fitness, une piscine pour adultes avec bar sur le toit, un parcours de golf de championnat et plus de 60 000 pieds carr茅s d鈥檈space de r茅union int茅rieur. Allegiant pr茅voit d鈥檜tiliser les fonds pour rembourser ses dettes et renforcer son bilan. La cl么ture de la transaction est pr茅vue pour le troisi猫me trimestre 2025, sous r茅serve des conditions habituelles.

Allegiant Travel Company (NASDAQ: ALGT) hat den Verkauf des Sunseeker Resort Charlotte Harbor an Blackstone AG真人官方 Estate (NYSE: BX) 蹿眉谤 200 Millionen US-Dollar bekannt gegeben. Die Transaktion umfasst ein neu erbautes Resort mit 785 Zimmern auf 22 Hektar Wassergrundst眉ck an der Golfk眉ste Floridas.

Das Resort bietet umfangreiche Annehmlichkeiten wie mehrere Restaurants, zwei Pools, ein Spa, ein Fitnesscenter, einen Erwachsenenpool mit Bar auf dem Dach, einen Championship-Golfplatz und 眉ber 60.000 Quadratfu脽 Innen-Tagungsfl盲che. Allegiant plant, die Erl枚se zur Schuldenr眉ckzahlung und zur St盲rkung der Bilanz zu verwenden. Der Abschluss der Transaktion wird im dritten Quartal 2025 erwartet, vorbehaltlich 眉blicher Bedingungen.

Positive
  • Sale price of $200 million provides significant capital for debt reduction
  • Strategic focus on core airline business through asset divestiture
  • Balance sheet improvement through debt repayment
  • Clean exit from non-core hospitality business
Negative
  • Loss of potential revenue stream from hospitality operations
  • Exit from diversification strategy into hospitality sector

NEW YORK and LAS VEGAS, July 7, 2025 /PRNewswire/ -- Blackstone (NYSE: BX) and Allegiant Travel Company (NASDAQ: ALGT) today announced that funds affiliated with Blackstone AG真人官方 Estate have agreed to acquire Sunseeker Resort Charlotte Harbor from Allegiant for $200 million.

With 785 rooms spanning 22 waterfront acres on the Gulf Coast of Florida, Sunseeker Resort Charlotte Harbor is a brand-new resort with extensive core amenities, including multiple food and beverage concepts, two pools, a spa, a fitness center, a rooftop adult pool and bar, a championship golf course and more than 60,000 square feet of combined indoor meeting space.

Scott Trebilco, Senior Managing Director at Blackstone AG真人官方 Estate, said: "The acquisition of this brand new, highly-amenitized resort demonstrates our strong conviction in hospitality and travel and the continued growth in group-oriented destinations. Allegiant has built a fantastic property and we look forward to bringing our extensive experience with large scale resorts to Sunseeker."

"Blackstone's extensive hospitality holdings and their execution capabilities make them the ideal counterparty for this transaction and also to help realize the full potential of Sunseeker Resort," said Gregory C. Anderson, CEO at Allegiant Travel Company. "Furthermore, it supports Allegiant's strategy centered around the airline and we plan to use the proceeds from the sale to repay debt and strengthen our balance sheet."

Barclays served as financial advisor to Allegiant on this transaction.

The transaction is expected to close in the third quarter of 2025, subject to satisfying customary conditions.

About Blackstone AG真人官方 Estate
Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone's Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone AG真人官方 Estate Income Trust, Inc. (BREIT). Blackstone AG真人官方 Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Allegiant 鈥� Together We Fly鈩�

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart,听focused on connecting customers with the people, places and experiences that matter most.听Since 1999,听Allegiant Air听has linked travelers in small-to-medium cities to world-class vacation destinations听with all-nonstop flights and industry-low average fares. Today, Allegiant serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at听http://gofly.us/iiFa303wrtF

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SOURCE Allegiant Travel Company

FAQ

How much is Blackstone paying for Allegiant's Sunseeker Resort?

Blackstone AG真人官方 Estate is acquiring Sunseeker Resort Charlotte Harbor for $200 million from Allegiant Travel Company.

When will the Allegiant-Blackstone Sunseeker Resort deal close?

The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.

What will Allegiant (ALGT) do with the proceeds from the Sunseeker Resort sale?

Allegiant plans to use the proceeds from the $200 million sale to repay debt and strengthen its balance sheet.

What are the key features of Sunseeker Resort Charlotte Harbor?

The resort features 785 rooms across 22 waterfront acres, multiple restaurants, two pools, a spa, fitness center, rooftop adult pool and bar, championship golf course, and over 60,000 square feet of indoor meeting space.

Why is Allegiant selling Sunseeker Resort to Blackstone?

The sale aligns with Allegiant's strategy to focus on its core airline business, while partnering with Blackstone due to their extensive hospitality experience and execution capabilities.
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