A Large Credit Towards Tourism
FIVE Holdings, parent company of music and entertainment venue and lifestyle brand Pacha Group, has secured a $460 million credit facility that it will use to invest in luxury entertainment-focused hospitality projects.
Banks Along for the Ride
The agreement was made with Commerical Bank of Dubai, AAIB, and Santander, and allows FIVE to more freely invest in expansions in Ibiza and Dubai, while continuing smaller projects in the US and other parts of Asia, where the group already has a large presence. The cooperation from all three banks shows a large commitment towards investing in tourism and entertainment, as well as their trust in FIVE Holdings after the group saw a jump in year-over-year revenue of over 20%.
Success in Dubai and Ibiza
As for FIVE’s decision to expand into these two areas, their previous Dubai hospitality investments generated $177 million in the first half of 2025 thanks to high occupancy of hotels in the area, catering food and beverages to events and in hotels, and the addition of new social events (including live events–a new avenue for the company). Meanwhile, in Ibiza, FIVE’s new hotel on the island paired with the group’s acquisition of Pacha Group, who own a large nightclub on the island, proved a successful investment as tourism to the nightlife destination holds strong, with the hotel attracting 25% more guests compared to the previous year.
Experiential Hospitality
“At FIVE, we identified early on the transformative power of experiential hospitality–where live gastronomy and high-energy entertainment driven by electronic music converge,” said Kabir Mulchandani, the CEO of FIVE Holdings. “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.”
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