CLUB TOGETHER: Ibiza’s Legendary Pacha Nightclub Group Up For Sale For EUR 500 Million

The legendary Ibiza nightclub Pacha is going up for sale with several other properties for a breathtaking EUR 500 million price tag.

Current owners Trilantic venture capital fund are selling up after going through a tough time during the COVID-19 pandemic.

Its 16 nightclubs, restaurants and hotels all suffered in the crisis.

Picture shows the Pacha nightclub, in Ibiza, Spain, undated. The group to which the nightclub belongs has put it up for sale for EUR 500 million. (Newsflash)

The venture capital fund is said to be worth between EUR 400 and 500 million (EUR 347 and EUR 433 million), according to Spanish media.

And while it is made up of numerous restaurants, hotels and clubs, its most iconic venue is the Pacha nightclub, reportedly founded in 1967 by Ricardo Urgell, who was 28 at the time.

Despite a tough time during the pandemic lockdown, the Trilantic group is said to have had a record summer, with strong numbers, especially from two other locations, the Lio Ibiza and the Lio Mikonos, which are popular with celebrities.

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