other_material
confidence high
sentiment neutral
materiality 0.65
Falcon's Beyond completes sale of Sol Tenerife Hotel for €70.8M; to receive ~€21M
Falcon's Beyond Global, Inc.
- Sale executed through PDP JV with Meliá; purchasers paid €70,823,684 for shares of Tertian XXI, S.L., subject to post-closing adjustments.
- Company's share is approximately €21 million, subject to post-closing adjustments based on working capital, debt, and deferred taxes.
- Transaction closed on May 30, 2025; no other terms disclosed.
item 8.01