Meliá Hotels International, in joint venture with Falcon's Beyond Global, has announced extensive plans to build and develop a world-class theme park, Katmandu™, slated to open fall 2022 in Punta Cana, Dominican Republic, and a premier entertainment, dining, and retail destination.

The Falcon's Beyond™ destination entertainment plan has been developed in two phases. Phase 1 includes the development of Katmandu Park Punta Cana, which will take beloved Katmandu characters and stories, already popular with millions of visitors in Europe, to entirely new audiences in the Caribbean. The Katmandu experience will include cutting-edge, first-of-its-kind rides and attractions, including the world's first Suspended Theater® that immerses guests into the stories of Katmandu. From legendary attractions to thrilling adventures, Katmandu Park will completely transform the Dominican Republic's entertainment offering.

Phase 2 will add a premier entertainment, dining, and retail destination, featuring world-renowned brands, all led by Falcon's Beyond.

“The size and power of the entertainment brands we will be announcing early next year as part of phase 2, are truly amazing," said Cecil D. Magpuri, CEO of Falcons Beyond Global.

“This major joint venture between Meliá Hotels International and Falcon's Beyond in Punta Cana, an exceptional destination where we've been working for over 30 years, will become the first world-class theme park and entertainment destination in the Caribbean," said Vice Chairman and Chief Executive Officer of Meliá, Gabriel Escarrer.

Reinforcing the commitment Meliá Hotels International has had to Punta Cana for over thirty years, the Spanish hotel brand has included in the investment plan a significant renovation of two of the Paradisus properties in Punta Cana, including a rebuild of its first resort in the destination, Paradisus Punta Cana. Major renovations have also been announced for Paradisus Palma Real. The company expects the renovations of existing hotels to be substantially completed at the end of 2023. The new Paradisus Punta Cana will apply sustainable and intelligent architectural criteria and native landscaping to minimize the negative impact its construction might have on its fragile natural environment, with energy efficiency and state-of-the-art water and waste management at the top of the agenda, along with a circular economy and neutral emissions.

Meliá Hotels International has 82 hotels certified by Earth Check and ranks in the top two most sustainable hotel companies in the world since 2019 in the Standard & Poor's Global Corporate Sustainability Assessment, and also aims to continue promoting social, cultural and economic well-being in local communities, supporting training and employment, inclusion and accessibility.