Allegiant Air plans $600M Florida resort

The Las Vegas-based airline plans to start building the Sunseeker Resort in Port Charlotte next year

Miami /
Sep.September 03, 2017 10:30 AM

Las Vegas-based Allegiant Air plans to spend up to $600 million to build a beachfront resort with a hotel, marina and nine condominium buildings in southwest Florida.

Allegiant plans to start construction of the development, called Sunseeker Resort, by mid-2018 on a 22-acre site in Port Charlotte.

Allegiant’s president, John Redmond, is a former Las Vegas hotel executive who expects the resort development to fit well with the airline’s operations.

Redmond told the Las Vegas Journal-Review that the resort project in southwest Florida “is an amazing opportunity for us because our airline caters to nothing but leisure customers.”

Redmond took over as Allegiant’s president about a year ago after serving as CEO of MGM Grand Resorts and as a board member of the Tropicana Las Vegas. He also held executive positions at Caesars World Inc.

Allegiant expects to open its planned resort in Port Charlotte by early 2020.

Preliminary prices for condos at the planned resort range from $650,000 for an 880-square-foot unit with one bedroom to $1.1 million for a 1,520-square-foot unit with three bedrooms.

The 22-acre development site in Port Charlotte, which Redmond personally assembled, is within six miles of the Punta Gorda Airport, where Allegiant is the sole carrier.

United Airlines and American Airlines launched hotel ventures that performed poorly, according to aviation consultant Mike Boyd, who runs Boyd Group International.

Virgin America has been more fortunate. The airline opened a boutique hotel in Chicago in 2015 and plans to open additional hotels in Nashville and New York.

Running an airline and a hotel may seem like “a perfect match, but it’s not,” Boyd told the Review-Journal. “We’ve seen mostly failure when airlines get into the hotel business.” [Las Vegas Journal-Review] Mike Seemuth


Related Articles

arrow_forward_ios
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...