Company engages Prospect Hotel Advisors for
their specialized expertise
LAS
VEGAS, July 31, 2024 /PRNewswire/
-- Allegiant Travel Company (NASDAQ: ALGT) announced
today it has retained global hospitality asset management firm
Prospect Hotel Advisors, LLC to conduct a strategic review of its
hotel, Sunseeker Resort Charlotte Harbor.
The recently opened resort, located in Southwest Florida, is a wholly owned
subsidiary of Allegiant Travel Company and is Florida's premier gulf coast oasis, offering
magnificent views, amazing pools, world class restaurants,
championship golf, a full-service spa and many other amenities.
Prospect Hotel Advisors will advise the company on strategies
that maximize the value of Sunseeker Resort. The engagement aims to
improve financial performance and help accelerate the strategic
positioning of the hotel in conjunction with the existing
experienced management team.
"Prospect Advisors – with their deep experience in resort
operations – will serve as an invaluable resource to our
exceptional Sunseeker team," said Allegiant President and incoming
CEO Gregory C. Anderson. "In
addition, their extensive expertise in positioning hotel resorts to
maximize strategic alternatives will be key as we identify the
right path forward."
Prospect Hotel Advisors, LLC is an advisor to Blackstone as well
as other private equity and real estate funds. Its seasoned team of
John Ceriale, Barry Lewin, Bill
McBeath and Andrew Katz
brings a wealth of experience to the table. Combined, this team has
played an essential role in maximizing the value of hotels through
the repositioning of hundreds of assets and transactions worldwide.
Their recent accomplishments in resorts such as Turtle Bay Resort
(Kahuku, HI), Cosmopolitan
(Las Vegas, NV), Boca Raton Resort
and Club (Boca Raton, FL), Arizona
Biltmore (Phoenix, AZ) and
Carneros Resort (Napa, CA) are
just a few examples of their expertise, strategic acumen and
successful track record.
"We are thrilled to advise Allegiant and the Sunseeker
management team in finding opportunities to enhance the resort and
drive incremental profitability," said Prospect Hotel Advisors
partner Barry Lewin. "Sunseeker is
an amazing resort with excellent room and suite products,
outstanding food and beverage offerings, dynamic pools and
recreational amenities, an ideal setting and, most importantly, a
team on property focused on their associates and guests. It has
been our pleasure to get to know Sunseeker's President Micah Richins along with his executive
leadership team and we are confident our alliance will generate
great results."
Sunseeker Resort Charlotte Harbor spans over 22 waterfront acres
in Southwest Florida. It features
785 guestrooms, 20 curated food and beverage brands,
60,000-square-feet of meeting and event space, two unique pool
experiences and seven unique retail outlets. A state-of-the-art
fitness center and spa are in the main tower. The resort also
features the guest exclusive Aileron Golf Club, with lush greens,
year-round sun and distinctive course design.
About Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an
integrated travel company with an airline at its heart, focused on
connecting customers with the people, places and experiences that
matter most. Since 1999, Allegiant Air has linked travelers in
small-to-medium cities to world-class vacation destinations with
all-nonstop flights and industry-low average fares. Today,
Allegiant serves communities across the nation, with base airfares
less than half the cost of the average domestic roundtrip ticket.
For more information, visit us at Allegiant.com.
Media Contact
Email:
mediarelations@allegiantair.com
Investor Inquiries
Email: ir@allegiantair.com
Category: News
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SOURCE Allegiant Travel Company