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Airline enters hotel business
Transactions - AUGUST 31, 2017

Airline enters hotel business

by Andrea Waitrovich

Allegiant Air has announced plans to build and own a beachfront resort in western Florida.

Construction is expected to start by mid-2018. The resort will include a hotel with 75 to 100 rooms, nine condominium towers with 1,100 units and a marina spanning 22 acres.

The Sunseeker Resort is set to open in early 2020 in Port Charlotte, Florida. It is estimated to cost $600 million to build.

The hotel-condo complex site is less than six miles from Punta Gorda Airport, where Allegiant is the sole carrier.

Virgin America also opened a hotel, a boutique-style hotel in Chicago in 2015. And the shuttered TWA airline terminal at New York’s John F. Kennedy International Airport is being converted into a hotel under a partnership between JetBlue and the Port Authority of New York and New Jersey.

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