Financing Secured for International Expansion

FIVE Holdings, a Dubai-based hospitality company, has secured a $460 million credit facility from major banks to fund its global expansion, while also repaying its $350 million green bond three years early. This leaves the company with over $300 million in available cash, allowing for a planned $500 million investment over the next two years in new markets. The company is focused on strengthening its presence in Ibiza and expanding into the United States and Asia.

FIVE's financial performance is strong, with revenue increasing 28% from $462 million in 2023 to $589 million in 2024. EBITDA also grew by 17% to $208 million. The company's Dubai operations continue to drive growth, with hotel revenues reaching $177 million in the first half of 2025, a 24% year-on-year increase, achieving 85% occupancy.

The acquisition of Ibiza's Pacha Group in 2023 for €302.5 million is proving successful. Pacha generated €43.2 million in revenue in the first half of 2025, up 14% year-on-year, with EBITDA surging 26% to €13.1 million. The Pacha Nightclub hosted 64 events in the second quarter, welcoming 222,018 guests, a 25% increase. The Pacha Hotel achieved 87% occupancy, with revenue per room up 76%.

FIVE Holdings' success is attributed to its focus on experiential hospitality, offering immersive entertainment. The company's 'Vibe at FIVE' concept, launched in 2018, combines dining, nightlife, and live events. With a diversified portfolio including hotels, real estate, nightlife venues, and fashion, FIVE's assets are valued at over Dh12 billion across Dubai, Switzerland, and Spain.