Blackstone Said to Be in Talks to Buy Embattled Allegiant Resort

Blackstone Inc. is in talks to purchase Allegiant Travel Co.’s Sunseeker Resort, moving the parent of Allegiant Airlines closer to shedding the beleaguered retreat that had been a drag on earnings, according to people with knowledge of the matter.

The two companies are still negotiating and talks could fall apart, said the people, who asked not to be identified because the information isn’t public. It wasn’t immediately clear what price is being discussed.

Representatives for Allegiant and Blackstone declined to comment.

Blackstone last month registered an entity named Sunseeker Resort Owner LLC with the Florida Division of Corporations, along ...