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Florida & Gulf Coast  + Gulf Coast  + Hospitality  | 

Allegiant Halts Work on $1B Florida Resort Due to COVID-19

Allegiant Travel Co., the owner of Allegiant Air, has stopped construction on its $1 billion Sunseeker Resort Charlotte Harbor in Southwest Florida just one year after breaking ground due to the ongoing coronavirus pandemic. The company confirmed the move to shareholders in its first quarter earnings call this month.

The project was slated to take 18 to 24 months to build out. Allegiant previously reported that the first phase, which included 500 rooms as well as more than 180 extended-stay suites, conference space, restaurants, retail and a harbor walk, would open this year.

During the company’s earnings call, John Redmond, president of Allegiant, called COVID-19 “the ultimate hurdle.” Allegiant’s decision to suspend work at the Sunseeker project is part of overall cost-cutting measures taken to help the airline withstand the drop in air travel revenues due to COVID-19.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.