New global leisure entertainment resort brand
will embody “resortainment” and is set to debut its first location
as part of the $350 million jointly-owned entertainment destination
in Punta Cana, Dominican Republic
Meliá Hotels International (“Meliá ”) (BME: MEL), one of the
world’s leading leisure hotel companies operating more than 380
hotels throughout 40 countries, and its joint venture partner
Falcon’s Beyond (“Falcon’s” or the “Company”), a global
entertainment development company, announced today a new, leisure
and entertainment-based resort brand, Falcon’s Resorts by
Meliá. The resorts will be featured within world-class
entertainment destinations, to be branded Falcon’s Beyond
Destinations, being jointly developed by the two companies in
prime leisure markets across the globe.
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Falcon’s Beyond and Meliá Hotels
International announce Falcon’s Resorts by Meliá. (Credit: Falcon’s
Beyond and Meliá Hotels International). (Photo: Business Wire)
Leveraging Meliá’s 66 years of expertise in travel and
hospitality and Falcon’s extensive experience as a fully integrated
entertainment development company, Falcon’s Resorts by Meliá will
offer a unique “resortainment” hospitality experience that will
seamlessly blend premium resort amenities with extraordinary
entertainment experiences in a way that’s casual sophisticated fun
for everyone. The resorts will provide direct access to vibrant and
curated dining, shopping, and entertainment venues as part of a
larger destination experience.
“We’ve built more than a decade-long business relationship with
Meliá, beginning with our successful entertainment hospitality
property in Mallorca, Spain. We are delighted now to be bringing a
further enhanced version of that model to Punta Cana by year-end,”
said Cecil D. Magpuri, CEO of Falcon’s Beyond. “With Falcon’s
22-year history creating story-driven entertainment and hospitality
experiences for some of the world’s largest brands, we are
leveraging all of our unique expertise and capabilities for
Falcon’s Resorts by Melia to deliver an unprecedented vacation
experience that goes beyond expectations.”
“Our partnership with Falcon’s is a tremendous opportunity to
offer a distinctly different vacation experience from our
competitors by incorporating immersive and interactive
entertainment elements and technologies in the resort experience in
ways it has never been done before,” said Vice Chairman and CEO of
Meliá, Gabriel Escarrer. “We are thrilled to debut our first
Falcon’s Resort by Meliá in Punta Cana, Dominican Republic, an
exceptional location where we’ve been operating for over 30 years
and have a robust network of resorts and loyal guest base.”
The first of these new resorts, Falcon’s Resort by Meliá | All
Suites Punta Cana, will be a multi-phase transformation of two
existing Meliá properties in the Dominican Republic, Paradisus
Grand Cana and The Reserve at Paradisus Palma Real, comprising a
total of 622 rooms.
Phase one, which is expected to open in December 2022 and begin
accepting reservations in October, will be an all-inclusive resort
with multiple high-end bars and restaurants, pools, swim-up suites,
a water park, and a kids’ camp. Through the re-brand, the Paradisus
Grand Cana resort will receive enhancements to the facilities,
amenities, and experiences across the property, and will integrate
a unique interactive platform that is expected to be announced
soon. Phase two, the completion of the re-brand of The Reserve at
Paradisus Palma Real, is expected in 2023.
Falcon’s Resort by Meliá | All Suites Punta Cana will be one of
three components of a new multi-faceted $350 million entertainment
destination, Falcon’s Beyond Destination | Punta Cana, the
first Falcon’s Beyond Destination to debut. The overall destination
will also feature Katmandu Park | Punta Cana, a cutting-edge
new theme park expected to open by late 2022 or early 2023, and
Falcon’s Central | Punta Cana, a signature retail, dining, and
entertainment district currently in development.
As the first world-class theme park in the Caribbean, Katmandu
Park will feature several patented, never-before-seen ride
technologies, interactive storytelling, and captivating
mega-park-level attractions. Falcon’s Central will connect guests
with world-renowned brands through curated location-based
entertainment venues, experiences, amenities, content, restaurants,
shopping, and retailtainment. Both Katmandu Park and Falcon’s
Central will be directly accessible to guests of Meliá’s vast
network of area resorts and hotels, comprising 1,825 rooms, as well
as to guests of hotels in Punta Cana’s Bavaro region — an
additional 42,000 rooms — and to over 43,000 local residents within
a 30-minute drive.
Meliá and Falcon’s will develop multiple Falcon’s Beyond
Destination locations across the globe in the upcoming years,
including sites in Tenerife, Canary Islands, scheduled to open in
2024, Playa Del Carmen, Mexico, scheduled to open in 2025, and
Puerto Vallarta, Mexico, whose opening date will be announced in
the future.
The unveiling of Falcon’s Resorts by Meliá follows other recent
transformative news from Falcon’s Beyond. On July 12, Falcon’s
Beyond announced plans to become a publicly listed company on
Nasdaq through a definitive merger agreement with FAST Acquisition
Corp. II (NYSE: FZT), a special purpose acquisition company founded
by Doug Jacob and headed by Sandy Beall. Upon the closing of the
transaction, the new combined company will be named “Falcon’s
Beyond Global, Inc.” and is expected to be listed on Nasdaq under
the ticker symbol “FBYD.” More information about the transaction
can be found in the Investor Relations section of Falcon’s
website.
About Falcon’s Beyond
Headquartered in Orlando, Florida, Falcon's Beyond is a fully
integrated, top-tier experiential entertainment development
enterprise focusing on a 360° IP Expander model. The Company brings
its own proprietary and partner IPs to global markets through owned
and operated theme parks, resorts, attractions, patented
technologies, feature films, episodic series, consumer products,
licensing, and beyond. The Company has won numerous design awards
and provided design services in 27 countries around the world,
turning imagined worlds into reality.
About Meliá Hotels
International
Founded in 1956 in Mallorca (Spain), Meliá Hotels International
operates more than 380 hotels (portfolio and pipeline) throughout
more than 40 countries, under the brands Gran Meliá Hotels &
Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels &
Resorts, The Meliá Collection, INNSiDE by Meliá and Sol by Meliá,
plus a wide portfolio of affiliated hotels under the “Affiliated by
Meliá” network. The Group is one of the leading companies in resort
hotels worldwide, while also leveraging its experience to
consolidate the growing segment of the leisure-inspired urban
market. Its commitment to responsible tourism has led the Group to
become the most sustainable hotel company in Spain and Europe,
according to the last S&P Global Corporate Sustainability
Assessment (Silver Medal 2022). It also has ranked seventh in the
Wall Street Journal's list of the 100 most sustainably managed
companies in the world (and the leading travel company) and is the
only Spanish travel company included in the list of “Europe’s
Climate Leaders 2021” by Financial Times. Meliá Hotels
International is also included in the IBEX 35 Spanish stock market.
For more information, visit www.meliahotelsinternational.com.
Additional Information
This communication relates to the proposed business combination
between FAST II and Falcon’s Beyond. This communication does not
constitute an offer to sell or exchange, or the solicitation of an
offer to buy or exchange, any securities, nor shall there be any
sale of securities in any jurisdiction in which such offer, sale or
exchange would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. Falcon’s Beyond
intends to file a Registration Statement on Form S-4 with the SEC,
which will include a document that serves as a joint prospectus of
Falcon’s Beyond and proxy statement of FAST II, referred to as a
proxy statement/prospectus. A proxy statement/prospectus will be
sent to all FAST II shareholders. No offering of securities shall
be made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended, or an
exemption therefrom. FAST II and Falcon’s Beyond will also file
other documents regarding the proposed business combination with
the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY
HOLDERS OF FAST II ARE URGED TO READ THE REGISTRATION STATEMENT,
THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS
FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE
PROPOSED BUSINESS COMBINATION AS THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS
COMBINATION.
Investors and security holders will be able to obtain free
copies of the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by FAST II or Falcon’s Beyond through
the website maintained by the SEC at www.sec.gov. The documents
filed by FAST II with the SEC also may be obtained free of charge
upon written request to 109 Old Branchville Road
Ridgefield, CT 06877. The documents filed by Falcon’s Beyond
with the SEC may also be obtained free of charge upon written
request to 6996 Piazza Grande Avenue, Suite 301, Orlando, FL
32835.
Participants in the Solicitations
FAST II, Falcon’s Beyond and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from FAST II’s shareholders in connection
with the proposed business combination. You can find information
about FAST II’s directors and executive officers and their interest
in FAST II can be found in FAST II’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2021, which was filed with the
SEC on March 29, 2022. A list of the names of the directors,
executive officers, other members of management and employees of
FAST II and Falcon’s Beyond, as well as information regarding their
interests in the business combination, will be contained in the
Registration Statement on Form S-4 to be filed with the SEC by
Falcon’s Beyond. Additional information regarding the interests of
such potential participants in the solicitation process may also be
included in other relevant documents when they are filed with the
SEC. You may obtain free copies of these documents from the sources
indicated above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act, or an exemption
therefrom.
Caution About Forward-Looking Statements
This communication includes forward-looking statements. These
forward-looking statements are based on Falcon’s Beyond’s and FAST
II’s expectations and beliefs concerning future events and involve
risks and uncertainties that may cause actual results to differ
materially from current expectations. These factors are difficult
to predict accurately and may be beyond Falcon’s Beyond’s and FAST
II’s control. Forward-looking statements in this communication or
elsewhere speak only as of the date made. New uncertainties and
risks arise from time to time, and it is impossible for Falcon’s
Beyond or FAST II to predict these events or how they may affect
Falcon’s Beyond or FAST II. Except as required by law, neither
Falcon’s Beyond nor FAST II has any duty to, and does not intend
to, update or revise the forward-looking statements in this
communication or elsewhere after the date this communication is
issued. In light of these risks and uncertainties, investors should
keep in mind that results, events or developments discussed in any
forward-looking statement made in this communication may not occur.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believe,” “predict,” “potential,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, FAST II’s and Falcon’s Beyond’s expectations with
respect to future performance and anticipated financial impacts of
the business combination, the satisfaction of the closing
conditions to the business combination and the timing of the
completion of the business combination. These forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from expected results,
including factors that are outside of FAST II’s and Falcon’s
Beyond’s control and that are difficult to predict. Factors that
may cause such differences include, but are not limited to: (1)
changes in domestic and foreign business, market, financial,
political, and legal conditions in general and in the entertainment
industry in particular; (2) the outcome of any legal proceedings
that may be instituted against FAST II, Falcon’s Beyond or any of
its subsidiaries following the announcement of the Merger Agreement
and the transactions contemplated therein, (3) the inability of the
parties to successfully or timely consummate the business
combination or the other transactions contemplated by the Merger
Agreement, including the risk that any regulatory approvals or the
SEC’s declaration of the effectiveness of the proxy
statement/prospectus relating to the transaction are not obtained,
are delayed or are subject to unanticipated conditions that could
adversely affect Falcon’s Beyond or the expected benefits of the
transactions contemplated by the Merger Agreement or that the
approval of the requisite equity holders of Falcon’s Beyond is not
obtained; (4) the occurrence of any event, change or other
circumstance that could give rise to the termination of the Merger
Agreement, (5) volatility in the price of FAST II’s or Falcon’s
Beyond’s securities, (6) the risk that the business combination or
the other transactions contemplated by the Merger Agreement disrupt
current plans and operations as a result of the announcement and
consummation thereof, (7) the enforceability of Falcon’s Beyond’s
intellectual property, including its patents, and the potential
infringement on the intellectual property rights of others, cyber
security risks or potential breaches of data security, (8) any
failure to realize the anticipated benefits of the business
combination or the other transactions contemplated by the Merger
Agreement; (9) risks relating to the uncertainty of the projected
financial information with respect to Falcon’s Beyond; (10) risks
related to the rollout of Falcon’s Beyond business and the timing
of expected business milestones; (11) the effects of competition on
Falcon’s Beyond business; (12) the risk that the business
combination or the other transactions contemplated by the Merger
Agreement may not be completed by FAST II’s deadline and the
potential failure to obtain an extension of its business
combination deadline if sought by FAST II, (13) the amount of
redemption requests made by stockholders of FAST II; (14) the
ability of FAST II or Falcon’s Beyond to issue equity or
equity-linked securities or obtain debt financing in connection
with the business combination or the other transactions
contemplated by the Merger Agreement or in the future; (15) and
those factors discussed in FAST II’s final prospectus dated March
15, 2021 under the heading “Risk Factors,” and other documents FAST
II has filed, or will file, with the SEC.
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