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Allegiant Travel Co. expects to wrap up the sale of its troubled Sunseeker Resort this summer after having expressions of interest from potential buyers, including what the company’s chief executive officer called “well-known, high-quality” investors.
A “high-single digit” number of investors are considering making a bid for the resort in Port Charlotte, Florida, Allegiant CEO Greg Anderson told investors on a quarterly conference call Tuesday. Allegiant, the parent of Allegiant Airlines, hired advisers in July for the sale of at least part of the $720 million resort. The 785-room property was built over budget and four years behind schedule, and has struggled to produce sufficient returns.