Blackstone Agrees to Buy Allegiant's Sunseeker Resort

Key Points

• Blackstone agreed to acquire Allegiant's troubled Sunseeker Resort in Florida for $200 million, significantly less than its $700 million development cost.
• Several new hotels opened or underwent renovations across the U.S., including properties managed by Hilton, IHG, Sonesta, and independent groups.
• Significant personnel changes and new technology launches were announced, alongside major European expansion moves with Hilton introducing Waldorf Astoria to Helsinki.

Summary

The article covers key developments in the hospitality sector, highlighting Blackstone's acquisition of Allegiant's Sunseeker Resort at a major discount, numerous hotel openings and renovations across the U.S., and important personnel changes at leading hotel management firms. It also features the launch of a new revenue management platform by Duetto and notable European moves such as Hilton's first Waldorf Astoria in the Nordic region and Marriott's Fairfield brand debuting in the UK.