FIVE Holdings Secures $460 Million to Support Global Expansion Strategy

FIVE Holdings, the 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 funding will support the group’s $500 million investment plan aimed at expanding its portfolio of hospitality and entertainment assets over the next two years.

The company plans to strengthen its presence in Dubai and Ibiza, and expand into new locations across the United States, Asia, and the UAE. Current holdings include FIVE Palm Jumeirah, FIVE Jumeirah Village, and FIVE LUXE JBR in Dubai, as well as Pacha Ibiza Nightclub, Destino Five Ibiza and the Pacha Hotel in Spain.

FIVE's integrated business model combines hospitality, nightlife, music, and dining, catering to a growing market for experience-led travel. The brand’s event concepts including “Bohemia Presents” in Dubai and “Pacha ICONS” in both Dubai and Ibiza have become key elements of its offering, often featuring international DJs and live music performances.

Financial results for the first half of 2025 show continued growth. Dubai operations reported $177 million in revenue (+24% YoY) and $73 million in EBITDA. Pacha Group operations in Ibiza generated €43.2 million in revenue (+14% YoY) and €13.1 million in EBITDA (+26% YoY).

Occupancy and revenue per room also remained strong across key assets. In Dubai, hotels operated at 85% occupancy with a RevPAR of $310. In Ibiza, Destino Five Ibiza posted an ADR of €533 and the Pacha Hotel recorded a RevPAR of €223 (+76% YoY).

Kabir Mulchandani, Chairman and CEO of FIVE Holdings, commented: “The support of leading global banks for this facility unwaveringly affirms their trust in FIVE Holdings’ vision and financial resilience. Our banking partners, who aligned with our vision as early adopters, have been instrumental in powering FIVE’s growth. At FIVE, we identified early on the transformative power of experiential hospitality — where live gastronomy and high-energy entertainment driven by electronic music converge. This isn’t just a trend; it’s the future of global tourism. Our positioning today is no accident — it is the result of a bold, forward-thinking strategy, conceptualised and executed since 2018.”

The $460 million facility is expected to enhance FIVE’s liquidity and operational flexibility as it pursues both organic growth and acquisitions in the lifestyle and hospitality sectors.