El dueño de Fitz gestionará el antiguo Pachá Madrid

Grupo Sounds, a prominent player in Madrid's nightlife scene, plans to invest up to 10 million euros in a comprehensive renovation of the historic Pachá Madrid. The iconic nightclub, located at number 11 Barceló street, is undergoing a significant transformation to breathe new life into the venue. The project, set to be completed by the end of 2027 or early 2028, will require an investment of between 8 and 10 million euros, with a duration of 12 to 15 months.

The ancient Pachá Madrid, one of Madrid's most emblematic party venues, currently operates as a cultural asset. It boasts a surface area of approximately 2,589 square meters spread across four levels and is classified as a Bien de Interés Cultural (BIC). The space, originally a cinema or amphitheater, will maintain its unique structure in its new incarnation as a nightclub.

Grupo Sounds, known for their diverse range of nightlife spaces, including Fitz, Castellana 8, Bonded, and Vandido, among others, will manage this ambitious project. The company, which has a strong presence in Madrid's nightlife, is poised to consolidate its position in the sector by offering a fresh, vibrant experience to its patrons. The future nightclub is expected to generate around 200 jobs, both direct and indirect, as part of Grupo Sounds' expansion in the entertainment industry.

The identity of the future nightclub remains undecided. Ricardo Urgell, the entrepreneur who founded the Pachá group in 1967 alongside his brother José María, purchased the asset to expand his business in Madrid. Originally named Pachá de Madrid, the venue has seen various name changes, including Pachá (until 2013), Teatro Barceló, and Fitz. Urgell's nephew, José María, currently leads Grupo Sounds, tasked with revitalizing this historic venue.