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    Allegiant Air Announces Plans to Build $600 Million Resort in Port Charlotte, Florida

    October 18, 2017

    In August, Allegiant Air made the announcement that they are planning to build a a mixed-use resort worth $600 million in the city of Port Charlotte, Florida. Allegiant Air’s the sole carrier that offers service into and from Punta Gorda Airport, which is found about six miles from the city.

    This resort, known as The Sunseeker Resort, is going to feature condos, a hotel, retail and restaurants on a total of 20 acres along Peace River, according to an article in the Harold-Tribune. This resort has the potential to drive up to $1 billion over 10 years into Port Charlotte’s economy.

    Officials from the airline have said that the positioning of the resort’s going to be like the service footprint of their airline and target families who visit from small cities in $the Midwest having undeserved airports.

    Deep Dive Insight:

    Sunseeker Resorts presents Florida’s largest master-planned hotel-condo resort on the Gulf Coast. Spread across more than 20 waterfront acres in Port Charlotte, FL Sunseeker Resorts boasts a resort hotel, nine condo towers, restaurants, bars, shops, marina and much more. Once you’re here you will never be at a loss for things to do.

    The success that airlines have had when it comes to hotels is often hit-and-miss. Even though airlines such as JetBlue and Virgin have had success so far with the hotel industry, most of the investments when it comes to airlines has gone into expanding their terminals.

    Delta, for example, is investing an amazing $3.4 billion into a new terminal at LaGuardia Airport in New York worth $4 billion. There’s also construction being done in New Jersey’s Newark worth $2.4 billion to overhaul the terminal. American Airlines and Delta also are heavily investing to give their terminals upgrades in the international airport in Los Angeles.

    Buying a Home in Port Charlotte?

    CENTURY 21 Aztec & Associates provides comprehensive real estate services including land, acreage, commercial property, new construction, sailboat waterfront homes and motor boat waterfront homes with access to Charlotte Harbor and the Gulf of Mexico.

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