FIVE Holdings secures $460 million for global expansion
FIVE Holdings, parent company of FIVE Hotels and Resorts and the Pacha Group, has secured a $460 million revolving credit facility from a consortium of banks including Commercial Bank of Dubai, Arab African International Bank, and Santander. The financing will support a $500 million investment plan to expand the group’s hospitality and entertainment portfolio over the next two years.
Dubai, Ibiza, and new destinations
The expansion will strengthen key markets such as Dubai and Ibiza, with a focus on new openings in the United States, Asia, and the UAE. Current properties include FIVE Palm Jumeirah, FIVE Jumeirah Village, and FIVE LUXE JBR in Dubai, as well as Pacha Ibiza Nightclub, Destino Five Ibiza, and Pacha Hotel in Spain.
FIVE’s integrated model combines hospitality, nightlife, music, and dining, catering to the growing demand for experiential travel. Concepts like “Bohemia Presents” in Dubai and “Pacha ICONS” in Dubai and Ibiza have already become benchmark formats, featuring international DJs and live performances.
Double-digit growth
Financial results for the first half of 2025 confirm positive momentum: Dubai operations posted $177 million in revenue (+24% YoY) and $73 million in EBITDA, while Pacha Group in Ibiza generated €43.2 million in revenue (+14% YoY) and €13.1 million in EBITDA (+26% YoY).
Key metrics also remain strong: in Dubai, resorts achieved 85% occupancy with a RevPAR of $310; in Ibiza, Destino Five Ibiza posted an ADR of €533, while Pacha Hotel closed with a RevPAR of €223 (+76% YoY).
Kabir Mulchandani’s vision
“The support of leading global banks confirms the confidence in our vision and in FIVE Holdings’ financial resilience,” said Kabir Mulchandani, Chairman and CEO. “We identified early on the transformative power of experiential hospitality, where live gastronomy and high-energy, music-driven entertainment converge. This is not a trend: it is the future of global tourism.”
The new financing will strengthen FIVE’s liquidity and operational flexibility, as the group aims to grow both through organic development and acquisitions in the lifestyle and hospitality sectors.
