Resort developer partners with investment group

Allegiant Sunseeker Resorts aligns with TPG Sixth Street to build Phase I of its inaugural project on Charlotte Harbor.

  • By Business Observer Staff
  • | 6:00 a.m. March 29, 2019
  • | 0 Free Articles Remaining!
Allegiant Sunseeker Resorts has received a $175 million commitment from TPG Sixth Street Partners to begin development of its inaugural property on Charlotte Harbor, an investment that could grow to a $1 billion partnership.
Allegiant Sunseeker Resorts has received a $175 million commitment from TPG Sixth Street Partners to begin development of its inaugural property on Charlotte Harbor, an investment that could grow to a $1 billion partnership.
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While local residents await progress on the long-anticipated inaugural Sunseeker Resort in Punta Gorda, Allegiant Travel Co. has been laying the financial groundwork so that it can begin actually laying the groundwork for the project.

Allegiant and its Sunseeker Resorts division has formed a strategic agreement with global finance and investment firm TPG Sixth Street Partners for as much as a $1 billion partnership.

 

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