FIVE Holdings, the luxury hospitality group behind entertainment venues and lifestyle brand Pacha Group, has secured a $460 million revolving credit facility to fuel its global expansion plans.
The financing arrangement was struck with Commercial Bank of Dubai, AAIB, and Santander.
FIVE Holdings says the credit will allow the company to repay its $350 million green bond three years ahead of schedule, reducing borrowing costs and freeing up more than $300 million in cash for strategic investments.
The Dubai-based group plans to deploy $500 million over the next two years to expand its presence in entertainment-focused hospitality in Dubai and Ibiza, and to add to its portfolio in the US and Asia.
Kabir Mulchandani, Chairman and CEO of FIVE Holdings, said: “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.”
“The support of leading global banks for this facility unwaveringly affirms their trust in FIVE Holdings’ vision and financial resilience.”
Kabir Mulchandani, Five Holdings
The credit facility comes as FIVE Holdings reported a 28% YoY jump in revenues in fiscal 2024 to $589 million from $462 million, with EBITDA rising 17% YoY to $208 million.
First-half 2025 results showed continued growth with revenues rising 21% to $298 million and EBITDA advancing 24% to $105 million.
FIVE’s Dubai properties generated $177 million in revenue during H1 2025, up 24% YoY, with EBITDA of $73 million representing a 25% increase. Hotel occupancy reached 85% with revenue per available room of $310. The group’s food and beverage and events operations contributed $36.4 million in revenue, up 18% YoY, while social events brought in $45.3 million, up 12% YoY. Live events, a new revenue stream, added $10.6 million.
Following FIVE’s 2023 acquisition of Pacha Group for €302.5 million ($279.5 million at the average exchange rate for 2023), revenue from the unit in H1 2025 grew to €43.2 million ($51 million at the current exchange rate) from €37.8 million ($34.9m) in 2024. EBITDA for the first half also climbed 26% YoY to €13.1 million ($15m).
“At FIVE, we identified early on the transformative power of experiential hospitality — where live gastronomy and high-energy entertainment driven by electronic music converge.”
Kabir Mulchandani, Five Holdings
Pacha Ibiza nightclub hosted 64 events in the second quarter, attracting 222,018 guests, a 25% increase from the previous year. Destino Five Ibiza, the group’s hotel property, achieved an average daily rate of €533 ($626)with 84% occupancy. Meanwhile, Pacha Hotel delivered 87% occupancy and revenue per available room of €223 ($262), up 76% YoY.
The company’s strategy centers on what it calls “experiential hospitality,” blending traditional hotel services with dining, nightlife and live events.
Mulchandani said: “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, conceptualized and executed since 2018.”
Music Business Worldwide