The 30-year-old has bought the incredible Hotel Es Vive situated along the Figueretas beach, with the 52-room property boasting a luxury pool and rooftop bar.
It was only last summer that the Argentinian maestro snapped up the four-star hotel MiM Sitges for a reported fee of £26million.
According to iB3 Tv, the plush establishment will be managed by the Majestic Hotel Group, with prices starting from £226 per night.
The property has since been renamed MiM Ibiza Es Vive following the takeover, after former management company Gemini Group Evissa confirmed the transfer of business, according to El Espanol.
British designer Sean Cochrane redesigned the hotel in 2014 in a 1940s-inspired Art Deco style.
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