Allegiant announces Sunseeker Resorts Development on Florida's Gulf Coast

Allegiant (NASDAQ: ALGT) has announced plans for Sunseeker Resorts, including its inaugural development, a one-of-a-kind hotel/condo resort on the Gulf Coast, the company said.

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.

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 USD 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.

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.