Allegiant changes course, plans more hotel rooms, fewer condos at SW Florida resort

The parent company of Allegiant Air will build 425 more hotel rooms and 540 fewer condos than it had planned at its Sunseeker Resort Charlotte Harbor in Port Charlotte

TRD MIAMI /
Nov.November 18, 2018 04:30 PM

Sunseeker Resort Charlotte Harbor rendering (Credit: New-Press)

The parent company of low-fare airline Allegiant Air will build more hotel rooms and fewer condos than initially planned at its resort development in Southwest Florida.

Las Vegas-based Allegiant Travel Co. will build no more than 180 condos instead of 720, the number initially planned when the company announced plans in August 2017 for its Sunseeker Resort Charlotte Harbor in Port Charlotte.

Allegiant also will build a 500-room hotel instead of the 75-room hotel it announced last year. The company expects construction of the $420 million first phase of the resort development to start as early as February.

The company has spent $30 million to acquire the 22-acre development site in Port Charlotte, which is seven miles from Punta Gorda Airport, where Allegiant Air is the sole carrier.

Last year, only 75 hotel rooms were planned because it expected condo owners to market their units as vacation rentals through Allegiant and split the income with the company.

But John Redmond, the president of Allegiant, said on a conference call with investors that the company became concerned that “people won’t give us rooms to sell when it’s busiest and the rates are the highest.”

Allegiant may have changed course because hotel guests are likely to stay at the resort for shorter periods of time than condo owners, which could mean more passengers on Allegiant Air flights to and from Punta Gorda Airport, according to Christopher Wesley, a professor of economics at Florida Gulf Coast University. [Naples Daily News]Mike Seemuth


Related Articles

arrow_forward_ios
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential

Florida Crystals sells Margate rentals for $60M

Florida Crystals sells Margate rentals for $60M
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

TIAA sells Weston warehouse for $33M
From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Diesel family dishes on Wynwood condo project
 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Gables Residential sells dev site near Shops at Merrick Park
Greg Pinkalla and ORA Flagler Village Apartments (Credit: Google Maps)

Fairfield Residential sells new Flagler Village apartments for $92M

Fairfield Residential sells new Flagler Village apartments for $92M
arrow_forward_ios

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

Loading...