Aug 29, 2017, 09:00 ET
PUNTA GORDA, Fla., Aug. 29, 2017 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces plans for Sunseeker Resorts, including its inaugural development, a one-of-a-kind hotel/condo resort on the Gulf Coast. The project marks an important step in Allegiant's evolution as a travel company, offering customers more opportunity for leisure experiences.
Encompassing 20 acres of waterfront land in Charlotte County, Florida, the new development's master plan envisions a resort hotel and up to nine condominium towers, an array of restaurant, bar and retail concepts – including an on-site grocery store and pharmacy, a marina and a property-spanning resort pool designed to be the largest in North America.
"This project builds on Allegiant's profile as a leader and innovator in leisure travel," said John Redmond, Allegiant president. "Our growth and success with air service in Punta Gorda, visitor trends in the region, and this unique, spacious waterfront property all point to an exceptional opportunity for a resort that vacation home owners and hotel visitors will love. In my years of experience developing resort properties around the world, it's rare to find such a perfect alignment of factors."
The project will have a deep and lasting impact on Florida's economy, bringing hundreds of construction jobs, and at master plan buildout up to 500 permanent jobs. The project is anticipated to spark an increase of 300,000 visitors annually to the area, and conservative modeling estimates up to $1 billion in economic impact at a ten-year horizon.
Interested buyers will have the option to purchase one-, two- and three-bedroom condominiums. Owners will have the opportunity to place their condos in a resort rental program, creating easy-to-manage income properties.
Those interested in the resort or condominium purchase options may visit www.SunseekerResorts.com for more information and to designate interest. Further information, such as projected construction dates, will be shared when available. Initial renderings of the property (including video) are available here: http://ow.ly/j9ts30eF6lo.
Since launching a first Florida destination in 2005, Allegiant's air service in the state has grown to six cities and more than 200 routes. Allegiant currently generates more than $2 billion in annual economic impact in Florida, and the company's presence supports nearly 21,000 jobs.
Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms and rental cars. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to more than 85 aircraft and 350 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/iiFa303wrtF.
SOURCE Allegiant Travel Company
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