July 8, 2025 - 01:09
Sunseeker Resort, formerly under the ownership of Allegiant Travel Company, is set to be acquired by Blackstone Real Estate in a significant transaction valued at $200 million. This move marks a notable shift in the resort's management and investment strategy, as Blackstone aims to enhance the property’s offerings and appeal to a broader range of visitors.
The resort, located in Charlotte County, has been a popular destination known for its picturesque views and extensive amenities. Under new ownership, there are expectations of renovations and improvements that could elevate the guest experience. Industry experts speculate that Blackstone's extensive portfolio and experience in managing high-profile properties could lead to innovative developments at the resort.
With this acquisition, Blackstone continues to strengthen its presence in the hospitality sector, indicating a growing confidence in the recovery and future potential of travel and tourism in the region. The transaction is anticipated to close in the coming months, ushering in a new chapter for the Sunseeker Resort.
July 7, 2025 - 16:32
Next Generation Takes Charge of Family Real Estate VenturesAs the older generation of real estate moguls shifts their focus to politics and other interests, their children are stepping up to manage the family businesses. This new wave of leadership is...
July 6, 2025 - 23:57
Portland's Restaurant Real Estate Update for July 2025Welcome to the July 2025 edition of the Portland restaurant real estate listings. This month, we bring you a comprehensive overview of available spaces in Portland and its surrounding areas,...
July 6, 2025 - 01:37
This Week's Highlights: Montclair and Essex County NewsCheck out some of our top stories this week in Montclair and Essex County. The local economy is buzzing with significant budget discussions as officials prepare for upcoming fiscal plans. With...
July 5, 2025 - 07:21
The Decline of Affordable Waterfront Camps in MaineThe dream of owning a rustic waterfront camp in Maine is fading for many prospective buyers. A decade ago, it was possible to purchase a quality three-bedroom lake house for approximately $300,000....