Allegiant Air’s parent company completed the sale of its Florida resort, a side venture that grappled with pandemic delays, several hurricanes and steep financial losses.

Las Vegas-based Allegiant Travel Co. closed its $200 million sale of Sunseeker Resort Charlotte Harbor to New York investment giant Blackstone on Thursday. The purchase included a related golf course.

Allegiant, which announced the deal in July , said it expects to use the sales proceeds to pay down corporate debt and for other general corporate purposes.

The sale marks the conclusion of a project outside aviation that the deep-discount airline initially said would transform the region’s tourism industry. But the resort ended up in the red, and Allegiant sold the property less than two years after it opened, for a pric

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