Castlelake provides loan to Allegiant-backed Sunseeker Resort

Castlelake has provided a loan to Sunseeker, a wholly-owned subsidiary of Allegiant Travel Company, which will be used to fund construction of Sunseeker Resort Charlotte Harbor, which resumed in August of this year. Las Vegas-based Allegiant began construction of Sunseeker Resort Charlotte Harbor – a first-of-its-kind destination resort in southwest Florida – in March 2019, before pausing due to the severe impact of the COVID-19 pandemic on the travel and hospitality industry. “Castlelake is pleased to provide financing to Sunseeker and strengthen our relationship with Allegiant through this project,” said Armin Rothauser, Partner and Head of Lending at Castlelake. “This