Blackstone’s real estate arm is acquiring a newly opened luxury US waterfront resort located in Port Charlotte, Florida from Allegiant Travel Company for $200m (€170m).
Blackstone Real Estate has agreed to purchase Sunseeker Resort Charlotte Harbor, a 785-room resort covering 22 waterfront acres on the Gulf Coast of Florida.
The resort’s amenities include multiple food and beverage concepts, two pools, a spa, a fitness centre, a rooftop adult pool and bar, a championship golf course and more than 60,000sqft of combined indoor meeting space.
Scott Trebilco, senior managing director at Blackstone Real Estate, said: “The acquisition of this brand new, highly-amenitised 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.”
Gregory C Anderson, CEO at Allegiant Travel Company, said: “Blackstone’s extensive hospitality holdings and their execution capabilities make them the ideal counterparty for this transaction and also to help realise the full potential of Sunseeker Resort.
“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.”
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