Dubai-based luxury lifestyle group FIVE Holdings has secured a $460m revolving credit facility (RCF) to drive international expansion and repay debt ahead of schedule.

The facility, arranged with Commercial Bank of Dubai, Arab African International Bank (AAIB) and Santander, will allow the group to pre-pay its $350m green bond three years before maturity. Following repayment, FIVE said it will retain more than $300m in available cash to support new investments across its global portfolio.

Kabir Mulchandani, Chairman and Chief Executive of FIVE Holdings, welcomed the support from its banking partners. “The support of leading global banks for this facility unwaveringly affirms their trust in FIVE Holdings’ vision and financial resilience,” he said. He added: “Our banking partners, who aligned with our vision as early adopters, have been instrumental in powering FIVE’s growth. At FIVE, we identified early on the transformative power of experiential hospitality — where live gastronomy and high-energy entertainment driven by electronic music converge. This isn’t just a trend; it’s the future of global tourism.”

The group has announced plans to invest $500m over the next two years to expand its footprint in Dubai and Ibiza while entering new markets in the United States and Asia.

FIVE posted revenues of $589m in FY 2024, up 28 per cent from $462m the previous year. EBITDA rose 17 per cent to $208m over the same period. In the first half of 2025, revenue increased 21 per cent year-on-year to $298m, while EBITDA climbed 24 per cent to $105m.

Performance remained strong in Dubai, where hotels generated $177m in revenue in H1 2025, an increase of 24 per cent. Occupancy averaged 85 per cent with a RevPAR of $310 and an average room rate of $363. Food and beverage revenue rose 18 per cent to $36.4m, while social events contributed $45.3m, up 12 per cent. A new live events segment added $10.6m in revenue.

In Ibiza, the Pacha Group, acquired by FIVE in 2023 for €302.5m, reported revenue of €43.2m in H1 2025, up 14 per cent year-on-year. EBITDA rose 26 per cent to €13.1m. Pacha Nightclub hosted 64 events in Q2, attracting more than 222,000 visitors, a 25 per cent increase on last year. Destino Five Ibiza achieved an average daily rate of €533 with 84 per cent occupancy, while Pacha Hotel recorded 87 per cent occupancy and a RevPAR of €223, up 76 per cent.

FIVE Holdings, with a portfolio valued at over AED 12bn, also highlighted its sustainability credentials. Its UAE hotels run entirely on renewable power and hold Dubai Sustainable Tourism’s Gold Tier certification. In Ibiza, Pacha Hotel has become the island’s first and only LEED Platinum-certified property, while Destino Five Ibiza has reduced water consumption by 40 per cent through recycling and conservation.

Mulchandani said the group’s position was the outcome of a long-term strategy: “Our positioning today is no accident — it is the result of a bold, forward-thinking strategy conceptualised and executed since 2018.”