On July 7, 2025, Blackstone Real Estate announced that it had agreed to acquire the newly built Sunseeker Resort Charlotte Harbor from Allegiant Travel for $200 million. Spanning 22 waterfront acres with 785 rooms and extensive amenities, the resort marks a significant investment on Florida’s Gulf Coast.
Why Allegiant Sold
- Financial misalignment: Allegiant invested approximately $700 million, but only recouped $200 million—citing poor occupancy, hurricane damage, and strategic refocus on airline operations.
- Operational challenges: Occupancy rates fell short of expectations, and insurance payouts couldn’t fully offset opening losses .
Blackstone’s Opportunity
Blackstone brings deep hospitality expertise, intending to leverage the resort’s full potential through improved management and group booking experiences. Their acquisition aligns with broader county investments, such as the recent purchase of Safe Harbor Marinas.
Community & Investor Reactions
Local residents and real estate investors responded swiftly on social media:…