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Tag: Ricardo Urgell

PACHA GROUP HAS BEEN SOLD FOR €350 MILLION

Founder Ricardo Urgell plans to work on new hotels and a project in Cuba

pacha-urgell

In mid-September, news emerged about Pacha Group’s decision to put the famed chain – including Pacha Destino Ibiza, Lio and other international expansions – up for sale. Founder Ricardo Urgell exclaimed that he could no longer stomach the owners of Ushuaïa, who are set to take ownership of the now former Space Ibiza location in 2017.

In just a matter of weeks, Pacha Group has sold for €350 million.

The details remain sparse about the purchaser and confirmation of the deal’s finalization, but Ricardo Urgell seemed ready to say his final goodbyes in a recent interview with Diario de Ibiza. “It hurts a lot to sell Pacha in such a sweet moment,” he said.

“I feel like an honest person trying to do the best possible,” Urgell said of his Pacha legacy on the island of Ibiza. “We have to want more for the island, invest in it, appreciate it and love her, so that we’re not only benefitting ourselves. People need to promote projects to improve Ibiza. It’s important that the island does not lose the magic.”

When asked further about his opinion on the island’s future, Urgell responded: “The island has spoiled areas that will be difficult to recover. If we continue at this pace, it will eventually move to the north of the island. Music should be controlled [in its legal space]. We cannot have music everywhere.” He continued, explaining his distaste for party boats in effort to preserve the island’s natural elements as well.

When asked about the recent raids of Ibiza venues like Amnesia, Ushuaïa and Pacha, Urgell confirmed that Pacha’s finances were all in order and accounts were all transparent.

Finally, though Urgell plans to part ways with his Pacha Group empire, he concluded that he has many ongoing projects, including other hotels and a possible new venture in Cuba.

Ibiza’s Café del Mar is opening in Sydney next month

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BY KATIE CUNNINGHAM (In The Mix)

Didn’t make it to Ibiza this season? How’s this for a consolation prize: Café del Mar is coming to Sydney. After first letting slip they were headed our way last month, now the White Isle institution has locked in its new home: 201 Sussex St in Cockle Bay, the former site of Coast Restaurant. While the official announcement is yet to be made, Café Del Mar’s PR agency told inthemix the big launch is penciled in for mid-November – we’ll keep you posted.

For anyone who’s made the Ibiza pilgrimage, Café Del Mar needs no introduction. Set on the beach of Sant Antoni de Portmany, between its enviable setting and its reputation for spinning ambient, chilled-out sounds, Café del Mar’s long been known as the place to see the sun go down in Ibiza. “Cafe del Mar Sydney will pay homage to its Spanish heritage whilst being created for Sydney by Sydney people,” Café Del Mar’s PR Agency announced. “There will be an emphasis on the food offering with an incredible line up of cocktails, drinks and of course entertainment. We are very much looking forward to telling everyone about it. The sun always sets in style at Cafe del Mar Sydney.” So, think stylish restaurant and lounge bar rather than hedonistic club.

Of course, Café Del Mar isn’t the first Ibiza institution to open a franchise in Australia. At the tail end of last year, Ibiza legend Ricardo Urgell came to town to launch Pacha Sydney, which now takes over ivy every Saturday night with a new cast of local and international names on board each week.

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