Port Charlotte resort gets new name as $200M sale closes

The sale of the Sunseeker Resort Charlotte Harbor has closed and the new owners have renamed the troubled Port Charlotte property.

In a Securities and Exchange Commission filing Friday morning, Las Vegas-based Allegiant Travel Co. says the sale of the 785-room resort to the Blackstone Real Estate Group closed Thursday. Along with the resort, the sale, the filing states, includes an associated golf course and “related properties.”

The company received a $200 million cash payment — far below the $625 million it spent to build the property — and “expects to use the proceeds of the transaction to pay down corporate debt and for other general corporate purposes.”