FIVE Holdings to Expand Its Hospitality-Meets-Electronic Music Empire With $460M Credit Facility

FIVE Holdings is doubling down connected its imaginativeness of experience-driven hospitality aft locking successful a caller $460 cardinal revolving recognition installation with Commercial Bank of Dubai, Arab African International Bank and Santander. The financing woody allows the Dubai-based radical to repay its $350 cardinal enslaved early, chopped borrowing costs and escaped up much than $300 cardinal successful disposable currency to substance growth.

The determination underscores FIVE’s ambition to standard its footprint successful Ibiza, grow crossed the United States and Asia, and proceed fusing luxury hospitality with physics euphony and nightlife culture.

The recognition statement follows a two-year tally of dependable fiscal growth. FIVE tells Billboard that the company’s gross climbed from $462 cardinal successful 2023 to $589 cardinal successful 2024, a 28% jump, portion EBITDA roseate 17% to $208 million.

That momentum has carried into 2025. In the archetypal fractional of the year, the institution says gross surged 21% to $298 million, with EBITDA up 24% to $105 million. Dubai remains the company’s anchor market, delivering $177 cardinal successful 2025 revenue, portion Ibiza’s Pacha Group — acquired successful 2023 for 302.5 cardinal euros ($355.1 million) — added $50.5 cardinal successful revenue, up 14% year-over-year.

FIVE’s Dubai portfolio continues to acceptable records, according to the company. Hotels posted 85% occupancy successful the archetypal fractional of 2025, it says, portion mean regular country rates ticked up 5% to $363. Beyond rooms, the institution is monetizing its nightlife and eating ecosystem: The institution says F&B gross deed $36.4 million, societal events pulled successful $45.3 cardinal and unrecorded events generated $10.6 cardinal successful their debut arsenic a caller gross stream.

On the Balearic Islands, the Pacha Group is besides proving to beryllium a fiscal engine. According to FIVE, Pacha’s legendary nightclub hosted 64 events successful the 2nd 4th of 2025, drafting much than 222,000 guests, a 25% summation implicit past year, portion Pacha Hotel deed 87% occupancy and lifted gross generated per country up 76% year-over-year to 223 euros ($262).

“These figures showcase the enduring planetary entreaty of Pacha and FIVE’s quality to standard entertainment-led hospitality profitably,” the institution said.

The strategy is rooted successful a content that planetary travelers progressively privation much than conscionable rooms and is banking connected a exemplary that integrates luxury hotels with dining, nightlife and unrecorded physics euphony programming.

“Travelers are nary longer seeking conscionable rooms; they privation immersive, high-energy experiences that blend hospitality, gastronomy, and entertainment,” said Kabir Mulchandani, chairman/CEO of FIVE Holdings. “This isn’t conscionable a inclination — it’s the aboriginal of planetary tourism. Our positioning contiguous is nary accident; it is the effect of a bold, forward-thinking strategy, conceptualized and executed since 2018.”