james-king
Active Member

End of the contract: Lío Ibiza has to leave the emblematic Marina Ibiza headquarters. - La Voz De Ibiza
The marina has informed the cabaret restaurant that it will not renew the lease that expires at the end of the year.

"The mythical cabaret restaurant and discotheque Lío Ibiza will have to move next year, the end of the relationship comes as no surprise. Marina Ibiza’s resistance to renew the contract and its desire to get involved in the business, as it does with other entertainment venues located in the luxury sports dock, fueled the hypothesis. So much so that in recent times there have been numerous groups that have sounded out the possibility of being the new tenants of the coveted space. Moreover, according to La Voz de Ibiza, the management of Lío Ibiza had given up the option of continuing in the location and, despite having no official communication, had begun an intense search to find a new location months ago in view of the fact that the renewal of the rental contract had not materialized
Marcos Marí, CEO of Insotel Marine Group, a division of Grupo de Empresas Alonso Marí SA that owns several concessions in the port of Vila, including Marina Ibiza, had advanced this possibility in February last year . “Trilantic (the investment fund that bought Pacha) has a contract with us until the end of 2025. What I can tell you is that we are not ruling anything out. In fact, we are in talks with Trilantic who have expressed their willingness to renew. Obviously, we have had many approaches from different groups, but for us 2025 is a long term and we are not in a hurry. Our idea is to make a decision by the end of 2024. We have the Marina Ibiza concession until 2032, "