Source: Hard Rock

The collaboration Hard Rock International and Palladium Hotel Group will lead to Europe's first Hard

Rock Hotel complex, scheduled to open in May 2014, which converts a property from the Spanish hotel group's Fiesta Hotels & Resorts brand.

The new hotel represents a €45 million investment. Offering more than 480 rooms, Hard Rock Hotel

Ibiza will be the larger 5-stars- hotel of the Mediterranean island. It will be composed of 235 suites, a Spa, a Body Rock workout facility, 8,600 square feet of meeting space, iconic music memorabilia and world famous Rock Shop. the Hard Rock Hotel Ibiza will also offer unparalleled live music and DJ performances for guests.

"We look forward to working with Hard Rock International on the upcoming development in the

enviable destination of Ibiza," said Abel Matutes Prats, CEO of Palladium Hotel Group. "Our team feels privileged to be a part of this project and we're certain the Hard Rock Hotel Ibiza will be a success. We operate more than 3,450 rooms in 12 hotels in Ibiza, and we look forward to continuing our relationship with Hard Rock as we've seen great success in our existing Cafe business."

With a total of 174 venues in 54 countries, including 138 cafes, 17 hotels and 7 casinos, Hard Rock

International (HRI) is a globally recognized company.

About Hard Rock®

Hard Rock International (HRI) is one of the most globally recognized companies with venues in over 70 countries spanning 309 locations that include owned/licensed or managed Hotels, Casinos, Rock Shops®, Live Performance Venues, and Cafes. HRI also launched a joint venture named Hard Rock Digital in 2020, an online sportsbook, retail sportsbook, and internet gaming platform. Beginning with an Eric Clapton guitar, Hard Rock owns the world's largest and most valuable collection of authentic music memorabilia at more than 87,000 pieces, which are displayed at its locations around the globe. In 2023, Hard Rock Hotels was honored by J.D. Power's North America Hotel Guest Satisfaction Index Study as the number one Upper Upscale Hotels brand in Outstanding Guest Satisfaction for the fourth time over the last five years. Hard Rock was also honored by Forbes among the World's Best Employers, as well as Best Employers for Women, Diversity and New Grads, Best Brands for Social Impact, Customer Service All-Star and a Top Large Employer in the Travel & Leisure, Gaming, and Entertainment Industry. HRI became the first privately-owned gaming company designated a U.S. Best Managed Company by Deloitte Private and The Wall Street Journal in 2021, and has since been honored threefold. In the 2022 Global Gaming Awards, Hard Rock was named Land-Based Operator of the Year for the second time in four years. Hard Rock International currently holds investment grades from primary investment rating agencies: S&P Global Ratings (BBB) and Fitch Ratings (BBB). For more information on Hard Rock International, visit www.hardrock.com or shop.hardrock.com.