The Pacha Group enters the Costa del Sol with the largest luxury club in Spain.
Sevillian businessman Rosauro Varo and Grupo Pachá have teamed up to set up Spain’s largest luxury club. Varo and the nightlife group, recently rescued by the government, have bought the Laguna Village shopping centre that suffered a fire in the summer of 2020 and plan to turn it into one of the largest resorts in southern Spain, according to ‘El Confidencial’ on Tuesday.
The luxury project will be managed by a company shared equally between Trilantic, the private equity fund that owns Pachá, and the Andalusian businessman. This operation was closed before the State bailed out Pachá last week with a loan of 18 million euros.
The project will occupy an area of 13,000 square metres and a further 1,200 metres of beach, located between Estepona and Marbella. The investor group’s plan is to create a complex that will operate 365 days a year with a scheme divided into six areas: restaurants-club; ‘beach club’; ‘retailtainment’ or shopping with complementary experiences to ‘shopping’; ‘kid paradise’; ‘sport & live’, and yacht club, according to the aforementioned media.