LAS VEGAS (AP) — The parent of Allegiant Air said Friday that damage from Hurricane Ian has caused the company to delay the planned opening of a resort north of Fort Myers, Florida.
Allegiant Travel Co. said its Sunseeker resort had been selling rooms for as early as next May 2023, but that hurricane-related delays caused the resort to push back the opening to next September.
The company said the extent of the damage is not yet known. The final damage assessment and the availability of construction resources could cause the new opening date to be moved up or back, the company said in a regulatory filing.
Las Vegas-based Allegiant said access to the resort site has been limited since last week's storm, but it appears that damage was limited because structures are being built 16 feet above the normal high tide line and the company built a seawall along Charlotte Harbor.
Before you consider Allegiant Travel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegiant Travel wasn't on the list.
While Allegiant Travel currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
