American Financial Unit to Sell Charleston Harbor Resort & Marina

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American Financial Unit to Sell Charleston Harbor Resort & Marina

, MT Newswires - 9:42 AM ET 3/31/2025 default

09:42 AM EDT, 03/31/2025 (MT Newswires) -- American Financial Group ( AFG ) said Monday that a subsidiary has reached agreements to sell the hotel and related assets and the marina comprising Charleston Harbor Resort & Marina in South Carolina.

American Financial ( AFG ) said it expects to recognize a net, after-tax gain of about $100 million, or $1.20 per share on the sale. Other terms of the sale were not disclosed.

The agreements include a 60-day due diligence period, during which they can be terminated by the purchaser in its sole discretion, American Financial ( AFG ) said.

If the deals are not terminated during the due diligence period, the transaction is expected to close in Q2 or Q3, the company said.

Price: 130.04, Change: +2.27, Percent Change: +1.78

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