FIVE Holdings Secures $460M To Expand Live Music Driven Hospitality Business

FIVE Holdings, Dubai-based owners of The Pacha Group, which runs some of the world’s most famous nightclubs, has secured $460 million Revolving Credit Facility (RCF) with leading financial institutions.

Primarily a hospitality business running hotels and resorts, music plays an important role in everything FIVE does: Dubai’s day-to-night beach party series, Bohemia Presents at FIVE Palm Jumeirah, where French Montana, Diplo, Lost Frequencies, Robin Schulz, Dimitri Vegas, Sonny Fodera, and Jan Blomqvist, amongst others, have performed in the past.

Pacha ICONS, a travelling event concept imported from the iconic Pacha Group in Ibiza, at Playa Pacha, a pool and beach club at FIVE LUXE JBR in Dubai. Keinemusik’s Rampa and Adam Port, Solomun, Black Coffee, Mayan Warrior, ANOTR, Frank Storm, East End Dubs Mochakk, CamelPhat, Marco Carola presents Music On and more have all performed at Pacha ICONS in the past.

In Ibiza, Spain, home of the original Pacha nightclub, FIVE operated under the Destino Five Ibiza brand. Pacha Ibiza, which opened on the island more than 50 years ago, continues to define the global electronic music scene with the biggest names in the industry.

FIVE acquired the Pacha Group in 2023 for €302.5 million ($354.7 million). In the first half of 2025, Pacha Group revenue reached €43.2 million ($50.7 million), compared to €37.8 million ($44.3 million) in 2024, while EBITDA increased 26% to €13.1 million ($15.4 million).

Pacha Ibiza Nightclub hosted 64 events in Q2 with 222,018 guests (+25% year-on-year), driving an increase in revenue per event. “These figures showcase the enduring global appeal of Pacha and FIVE’s ability to scale entertainment-led hospitality profitably,” according to a press release announcing FIVE’s $460 million investment.

FIVE’s integrated model of hospitality and live entertainment is aligned with global travel trends. “Travelers are no longer seeking just rooms,” the press release continues, “they want immersive, high-energy experiences that blend hospitality, gastronomy, and entertainment.”

The $460 million will be used to scale FIVE’s business model and export it to new markets, including Asia, and the United States.

The banks lending the money include Commercial Bank of Dubai, Arab African International Bank, and Santander.

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.”

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