Penelope Benidorm was real good 5 or 6 years ago when it was the same music for all that gorgeous club. Now it has different ambients, some of them cheesy.
Penelope Valencia is huge (it has up to 6 or 7 dancefloors). I don't know how is it doing nowadays, but when I went there 2 years ago I didn't like it, despite the set up and terrace were beautiful.
But you take into account there are other Pacha's besides the one in Ibiza, and some of them are crap.
We still don't know how this new club will do.