Hospitality powerhouse FIVE Holdings has announced a landmark $460 million revolving credit facility, strengthening its financial position to accelerate global expansion while also retiring its $350 million green bond three years ahead of schedule.
The financing package was arranged in collaboration with Commercial Bank of Dubai, AAIB, and Santander, leaving FIVE with more than $300 million in available cash after the bond repayment. The company plans to channel $500 million in fresh investments over the next two years into new markets.
Confidence from Global Banks
Chairman and CEO Kabir Mulchandani hailed the facility as a vote of confidence in the company’s growth trajectory.
“The support of leading global banks for this facility unwaveringly affirms their trust in FIVE Holdings’ vision and financial resilience,” Mulchandani said.
Expansion into US and Asia
The funding will enable FIVE to expand beyond its stronghold in Dubai and recently acquired assets in Ibiza, with sights set on the United States and Asia. The move comes on the back of robust financial performance:
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Revenue rose 28% year-on-year, from $462 million in 2023 to $589 million in 2024.
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EBITDA climbed 17%, reaching $208 million.
Dubai Remains the Growth Engine
FIVE’s Dubai operations continue to be its backbone, generating $177 million in hotel revenues in the first half of 2025 — a 24% YoY increase. Occupancy reached an impressive 85%, with revenue per available room (RevPAR) of $310.
Ibiza Acquisition Paying Off
The 2023 acquisition of the Pacha Group for €302.5 million has begun delivering strong returns:
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Pacha generated €43.2 million in revenue in the first half of 2025, up 14% from the previous year.
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EBITDA surged 26% to €13.1 million.
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The legendary Pacha Nightclub hosted 64 events in Q2, attracting 222,018 guests — a 25% YoY increase.
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The flagship Pacha Hotel reported 87% occupancy, with revenue per room surging 76%.
Experiential Hospitality at the Core
FIVE’s strategy is anchored in the “Vibe at FIVE” concept, launched in 2018, which integrates dining, nightlife, and live entertainment into its hospitality offerings. Mulchandani emphasized that this model is shaping the future of global tourism:
“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.”
A Diversified Portfolio
Today, FIVE Holdings boasts a portfolio valued at over Dh12 billion, spanning luxury hotels, real estate, nightlife venues, and fashion across Dubai, Switzerland, and Spain — with expansion into new global hotspots on the horizon.
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