Falcon's Beyond Global Inc. Completes Sale of Sol Tenerife Hotel for €70.8 Million to Meliá Hotels and Partner

Reuters

05 Jun

Falcon's Beyond Global Inc. Completes Sale of Sol Tenerife Hotel for €70.8 Million to Meliá Hotels and Partner

Falcon's Beyond Global, Inc. announced that on May 30, 2025, it completed the sale of the Sol Tenerife Hotel through its joint venture, Producciones de Parques, S.L., with Meliá Hotels International, S.A. The transaction involved selling all shares of Tertian XXI, S.L., a subsidiary owning the resort's real estate assets, to Meliá and another joint venture partner. The total purchase price was €70,823,684, subject to adjustments based on final financial calculations. Falcon's Beyond Global, Inc. is set to receive approximately €21,000,000 from the sale, pending any post-closing adjustments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Falcon's Beyond Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-081730), on June 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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