Max SteventonFIVE Holdings, the owner of entertainment and hospitality company Pacha Group, has secured a $460 million credit facility to fund its international expansion plan.
The Dubai-based group secured the financing facility with Commercial Bank of Dubai, AAIB, and Santander. It said the funding will help its plan to invest $500 million during the next two years to grow its business in entertainment-focused hospitality in Dubai and Ibiza, and move into the US and Asia.
The deal follows a strong first half of 2025 for both brands. FIVE’s Dubai hotels reported $177 million in revenue, up 24% year-on-year, while Pacha Group delivered €43.2 million in revenue, a 14% increase compared with 2024. Food and beverage sales rose 18% to $36.4m, while live events generated $10.6m. In Ibiza, Pacha nightclub hosted 64 events in Q2 with more than 220,000 attendees, a 25% increase on 2024.
FIVE acquired Pacha Group in 2023 for €302.5m. The integration of the Ibiza venues, alongside the company’s Dubai operations, has enabled the group to expand what it describes as an “experiential hospitality” model, combining accommodation, gastronomy and live entertainment.
FIVE Holdings chairman and CEO Kabir Mulchandani 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.”