Allegiant Travel Co. has completed the sale of its Sunseeker Resort at Charlotte Harbor, Aileron Golf Course, and related properties in Southwest Florida to affiliates of Blackstone Real Estate Group as of September 4, 2025. The transaction, which does not involve any material relationship between the entities outside of this deal, resulted in cash proceeds of $200 million for Allegiant, minus closing adjustments. The company plans to use these funds to reduce corporate debt and for general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allegiant Travel Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001362468-25-000044), on September 05, 2025, and is solely responsible for the information contained therein.