Allegiant Travel to relocate headquarters to western Summerlin
Allegiant Travel Co. plans to move its headquarters about 15 miles to the north following an agreement to purchase five empty office buildings in western Summerlin for $12.3 million.
Included in the deal are 10 acres and 130,000 square feet. Allegiant hopes to close the deal by the end of June.
Currently, the airline is housed in 80,000 square feet in two buildings on South Durango Drive, with 70,000 square feet taken up by the staff and the rest devoted to training and other purposes. It is owned by a limited partnership in which three directors, including Chairman and CEO Maurice Gallagher Jr., hold more than a 50 percent interest.
While the leases continue until 2018, the company can exercise a release three years earlier.
The company indicated it would do this as part of the move to Summerlin, which would take place in stages.
Contact reporter Tim O’Reiley at
toreiley@reviewjournal.com or 702-387-5290.
