Hard Rock's first Europe hotel On Ibiza Opens May 2014

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 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 nearly 80 countries spanning more than 300 locations including owned/licensed or managed Hotels, Casinos, Rock Shops®, Live Performance Venues and Cafes. Beginning with an Eric Clapton guitar, Hard Rock owns the world's largest and most valuable collection of authentic music memorabilia with more than 88,000 pieces displayed at locations around the globe. The Unity™ by Hard Rock global loyalty program rewards members for doing the things they love across participating properties. In addition, Hard Rock Digital spotlights the sports betting and iGaming experience with products remixed in the spirit of Hard Rock for players worldwide.

HRI has received numerous industry, destination and workplace awards across the travel, hospitality, gaming, entertainment and food & beverage sectors. HRI currently holds investment grades from primary investment-grade 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.

Development Development Europe Spain Ibiza

Hard Rock International (HRI) is one of the most globally recognized companies with venues in 248 locations spanning 76 countries that include owned, licensed or managed Hotels, Casinos, Rock Shops®, Cafes and Hard Rock Live concert halls. Beginning with an Eric Clapton guitar, Hard Rock owns and showcases the world's most valuable collection of music memorabilia at more than 83,000 pieces.