IBIZA NEWS - The Real Deal -
Ibiza Real estate, Tourism and Hotels news and insights
As the year unwinds to a close, and we all start to settle into winter mode, it´s a good time to look at what has happened this season and what it may mean going forward.
Probably if you would ask most people they would respond that it has been a strange season.
Strange being very loosely defined. Mostly it means making less money than usual. In fact we have heard all summer quite a few venues complaining about considerably less customers.
Just a quick look at the numbers published so far (up to October) suggest that pretty much we have had the same amount of visitors this year, as we did last year.
The crux is that they have spend considerably less time on the island with overnight stays falling by more than 1.5 million nights!
These shorter stays seems to have benefited mostly hoteliers who seem to have recovered market share and especially, in the 4 star segment.
Also the established well known beach clubs and restaurants held their ground but many others have felt the pinch as shorter stays meant less time for the venturing newcomers.
The much hyped opening of the UNVRS club drew much attention and sucked in much of the demand as it looked to fill its 10,000 capacity venue, possibly leading to some cannibalisation with its smaller Hï Club.
Still, Pacha’s 1st semester figures showed a healthy numbers in terms of attendance and spend, while Club Chinois offered a varied, eclectic and high quality alternative propositions creating overall a new experiential and more intimate offer.
The 528 Club also a relative newcomer but in the hand of the OG’s at Pikes completed a very curated and back to basics panoply of nights that attracted fun crowds.
So it would seem that options have widening and customers become more demanding with where they spend their time and money.
Which is not bad.
Overall the sensation is that change is in the air and the model is shifting somewhat.
In spite of what feels like concentration, the opposite may well be happening as the island shifts to re invents itself, yet again.
Perhaps we are looking at a future with a better balance and with more varied choices.
Stay sa
Whats happening?
7 pines changing hands ?
Spanish asset manager Blasson Property and U.S.-based investment firm King Street have formed a joint venture to bid for the luxury resort 7Pines, an upscale property in the municipality of Sant Josep, Ibiza, with views over the iconic islet of Es Vedrà.
According to *Expansión*, the consortium plans not only to acquire the asset but also to invest significantly in its repositioning, with the aim of attracting a leading international luxury hotel brand.
As a result, total investment is expected to exceed the initial acquisition cost.
Currently operating under the Destination by Hyatt collection, the 7Pines resort comprises 185 suites and three private villas across a 56,000-square-metre site.
The property was extensively refurbished and reopened in 2018 by German group 12.18 Investment Management following a €74 million renovation. In 2022, it was subsequently acquired by Engel & Völkers’ V Leisure Hotel Fund I as part of a three-asset portfolio valued at €280 million.
Founded in early 2021, Blasson Property Investment is a real estate investment manager focused on Spain and Portugal. The firm’s growing portfolio currently includes seven hotel assets.
pacha owner five holdings raises another $380 mllion
FIVE Holdings secured a $460 million revolving credit facility from a consortium of banks, including Commercial Bank of Dubai, Arab African International Bank, and Santander.
This financing will be used for global expansion, including pre-paying a $350 million green bond early and providing over $300 million in cash for investments to grow its hospitality and entertainment portfolio in new and existing markets like Dubai and Ibiza.
This is relevant as the cost of financing the acquisition of Pacha through the issuing of the 9.375% bond absorbed most the EBITDA generated.
This new credit facility will significantly reduce the financial cost and bolster profitability in 2026.
Following FIVE’s 2023 acquisition of Pacha Group for €302.5 million ($279.5 million at the average exchange rate for 2023), revenue from the unit in H1 2025 grew to €43.2 million ($51 million at the current exchange rate) from €37.8 million ($34.9m) in 2024.
EBITDA for the first half also climbed 26% YoY to €13.1 million ($15m).
Pacha Nightclub hosted 64 events in Q2, welcoming 222,018 guests — a 25 per cent increase from last year.
Destino Five Ibiza achieved an average daily rate of €533 with 84 per cent occupancy, while Pacha Hotel recorded 87 per cent occupancy and a RevPAR of €223, up 76 per cent year-on-year.
n residenses development lead by salt bae underway
N Residences Ibiza by Salt Bae
Construction well underway and delivery is expected for the last quarter of 2026.
The N Residences Ibiza comprises 51 homes designed to make the most of natural Mediterranean light, with views overlooking the sea, Ibiza’s marina, and the historic district of Dalt Vila.
A central swimming pool acts as the focal point of the development, with surrounding native vegetation intended to provide a sense of privacy and separation from the surrounding urban environment.
Residents have access to an on-site gym equipped by Technogym, featuring facilities for strength training, cardiovascular exercise, and functional fitness.
The ground floor will include three commercial units dedicated to food and beverage offerings. Among them is Nusr-Et Ibiza, the internationally recognised restaurant brand.
The residential mix includes:
18 one-bedroom apartments with terraces measuring between 21 sqm and 31 sqm
27 two-bedroom apartments with terraces ranging from 16 sqm to 57 sqm
6 duplex penthouses with terraces of between 137 sqm and 201 sqm
All residences include private parking, with two spaces allocated to each duplex penthouse. The same flooring material is used both indoors and on the terraces, a design choice intended to visually connect interior and exterior spaces.
Unit Types
One-bedroom apartments feature terraces of up to 24 sqm and are designed to maximise light and ventilation.
Prices start at €830,000.
Two-bedroom apartments offer larger internal layouts and terraces of up to 43 sqm, balancing private indoor areas with outdoor space.
Prices start at €1,180,000.
Duplex penthouses, distributed across two levels, offer the largest layouts in the development, with private terraces oriented towards both the sea and the surrounding hills, providing panoramic views across Ibiza.
Prices start at €3,550,000.
ushuaia entertainemt share holders split denied by both parties
Ibiza A press article in the Cronica Global headlined that the Matutes family and Yann Pissenum, both shareholders in Ushuaia Entertainment SL, which manage the clubs, were negotiating an exit for the latter, putting a price of €32 million for his stake.
Yann is largely attributed to be the force behind the Ushuaia, the Hï Club, and the newly launched UNVRS club and largely responsible for its success.
Both parties denied this headline and reiterated that their relationship is better than ever and the news is nonsense.
The joint venture had revenues of around €130 million with earnings of some €54 million in 2023
the budgets
the 2026 municipal budget for 2026 approved
Santa Eularia 2026 Budget approved
The Santa Eulària des Riu Town Council has presented its largest-ever budget for 2026, totaling €62.5 million.
This milestone reflects the municipality’s strong financial health, having achieved zero debt for the first time since 2006.
Mayor Carmen Ferrer and Finance Councillor Miguel Tur highlighted that the budget secures 80% of the 2023–2027 Government Plan and fulfills 108 commitments to citizens.
The budget prioritizes financial prudence, balanced spending, and significant investment in resident well-being.
Revenue increases by 2.5%, driven by a dynamic economy, while taxes remain low: the urban property tax (IBI) stays at the legal minimum (0.40) and the rural rate decreases by 4.6%. Social benefits and aid programs for families, seniors, and vulnerable groups are maintained.
Personnel investment rises 14.36% to €18.25 million, enabling new hires and strengthening municipal services.
Current expenditure reaches €31.05 million, supporting essential services and expanding cultural, sports, and youth programs. Social support grows, with increased funding for NGOs, senior and disability associations, and childcare services.
Capital investments of €6.77 million target sports, mobility, infrastructure, and social facilities, including a new sports hall, library, and senior center.
Major ongoing projects—such as new roads, drainage systems, schools, and the first Olympic-size pool in the Pitiusas—reinforce Santa Eulària’s vision of a modern, sustainable, and cohesive municipality.
santa eulalia designates the fisrt private public social housing project
Santa Eulalia
The Santa Eulària des Riu Town Council has approved the €21 million contract for developing and managing 94 affordable rental homes in the s’Olivera area of es Puig d’en Valls. The project, awarded to the joint venture Fundació Privada Salas per l’Accessibilitat and Salas Promohabit S.L.U., was the highest-rated proposal and the only one accepted. Construction will begin in June 2026 and is expected to conclude by January 2028.
Developed on two municipally owned plots under a 75-year surface rights agreement, the project features functional, energy-efficient, and accessible homes. Apartment sizes range from 51 to 106 m², with rents starting from €662 to €1,168 per month, based on a rate of €12.98/m². The complex will include 75 parking spaces, 30 bicycle slots, and 25 storage units.
The design emphasizes sustainability and inclusivity, featuring terraces, cross ventilation, landscaped communal areas, and a community room. Nine units will be adapted for residents with reduced mobility, and ten will include sensory adaptations. The building will achieve an A energy rating, consuming under 13.5 kWh/m² annually and emitting 4.2 kg CO₂/m², thanks to high-efficiency aerothermal systems, photovoltaic panels, and advanced insulation.
The winning consortium will oversee tenant management and building maintenance under municipal supervision. Mayor Carmen Ferrer highlighted the initiative as a key step in the “Santa Eulària Crea Futur” plan to expand access to affordable, sustainable housing for young people, families, and seniors. Applicants must be long-term residents, tax-registered in Spain, and meet income limits tied to the IPREM indicator.
These numbers suggest a total build of some 6,500 m2 with a cost of around €2,675/m2 . Gross rental income would be around €75,000 per month for the joint venture.
A step in the right direction!
What else?
OD Hotels luanches a new venue for 2026 Hotel coral star
OD Hotel Coral Star
OD Group’s new hotel brand, Coral Star Ibiza, will open in Sant Josep in June 2026, bringing a fresh, design-driven approach to family travel. Centered on creativity, togetherness, and play, the concept introduces bright spaces, organic materials, and a modern aesthetic designed to inspire shared experiences.
Located at 87 Caló Street, the resort will offer both stylish hotel rooms—ranging from Superior to Studio Terrace—and spacious family apartments with kitchenettes and living areas, ideal for longer stays.
Coral Star Ibiza is designed to spark connection at every turn: a lounge-style lobby for relaxed gatherings, a Kids Club that encourages co-play rather than childcare, and dedicated teen spaces for quiet creativity.
Three pools—including an adults-only pool, a family pool, and a splash park—ensure fun for all ages. With wellness areas, a light-filled gym, and a flexible workspace, the hotel promotes a balanced, shared holiday lifestyle. According to the brand, the project aims to offer a brighter, more authentic way to experience Ibiza as a family.
NEW PROJECTS FOR IBIZA TOWN
Ibiza – Mercat Pages Housing Project
The Balearic Islands’ Minister of Housing, José Luis Mateo, and Ibiza’s Mayor, Rafael Triguero, unveiled the first of IBAVI’s new public housing projects on the former Mercat Pagès site in Ibiza.
The development will deliver eight subsidized rental apartments—six two-bedroom units, including one adapted for people with disabilities, and two three-bedroom duplexes—across five floors and a penthouse.
With a budget of €1.8 million, construction is set to begin in 2026. This project is the first of two planned on municipal land, alongside a larger 51-unit development in Can Cantó, and part of a broader six-project housing strategy for the island.
The officials also toured two historic buildings in Dalt Vila currently being transformed into affordable homes under Law 3/2024, which promotes repurposing existing structures.
Across Ibiza, around fifteen commercial spaces are also being converted, reinforcing the commitment to increasing accessible housing for long-term residents.
keep your eye on ...
eden club in sanan
Eden Club .
Local gossip forums indicate that the opening of the massive new club UNVRS in 2026 is expected to hit Eden the hardest.
Rumors suggest Eden is struggling to “lure big names” back as major promoters shift toward the new superclub and revamped venues like Amnesia.
It important to keep the variety of choices open, hopefully it will find a niche and thrive there!