Allegiant says $610M Port Charlotte resort's 'financial maturity' will take time

The Las Vegas owner of the Sunseeker Resort says early bookings are strong and that the resorts total assets top $610 million.

By Louis Llovio
| 5:00 p.m. February 5, 2024
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After years of delays, Allegiant Travel Co.'s Sunseeker Resort Charlotte Harbor is open.

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Just a month after opening the Sunseeker Resort Charlotte Harbor, the Allegiant Travel Co. says that although it is encouraged by early bookings, investors will need to have patience.

In its fourth quarter and year-end earnings report released Monday, the Las Vegas-based company called the resort’s Dec. 15 opening “a milestone” and said that its earnings before interest, taxes, depreciation, and amortization are expected to be positive this year.

Still, the company’s chairman and CEO Maurice J. Gallagher Jr. says in the report that “It will take some time for the property to ramp to financial maturity.”