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Pacha Group owner gains $460m for global expansion
['Max Steventon']
Access All Areas
FIVE 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.
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.
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.