Five Holdings has acquired Pacha Nightclub, Destino Pacha Hotel, El Hotel Pacha and Pacha Group’s other assets in a massive deal. The move aligns with FIVE Holding’s visionary strategy to enhance its global footprint in the hospitality and entertainment sectors.

FIVE’s Green Bond listing on Nasdaq Dubai last month marked its inaugural appearance on the region’s premier international financial exchange, thus reinforcing its commitment to sustainable finance. FIVE is the world’s only company to earn an “A” rating for ESG within the ISS Corporate Rating universe. The listing boosts the exchange’s total value of listed debt to USD 118.34 billion.

Kabir Mulchandani, FIVE’s chairman and founder, said: “We delivered an unprecedented year of success in 2022. We were driven by the acceleration of our growth strategies, which achieved a robust EBITDA margin (42 percent). We also secured world-class sustainability milestones (“A” rating for ESG by ISS). FIVE understands that value creation for stakeholders is essential to sustainable development. Consequently, this commitment drives our dedication to achieving outstanding EBITDA figures and environmental responsiveness. This commitment forms the bedrock of FIVE’s ‘Sustainable Indulgence’. Ultimately, our legacy is rooted in financial strength, coupled with our strategic focus on the environment, society, and robust corporate governance.

This acquisition represents a significant development in the world of entertainment and hospitality. Moreover, Pacha Group is an international entity with a Mediterranean soul, offering a meticulously curated selection of nightlife, restaurant, and hotel brands across the beautiful Balearic Islands and beyond. Renowned for its presence in nightlife and hospitality with iconic venues such as Pacha Nightclub, Destino Pacha Hotel, El Hotel, Toy Room Club, and WooMoon Storytellers, this marks a new and promising chapter for both companies.

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Rita Ghantous

Publication Executive

Rita Ghantous is a hospitality aficionado and a passionate writer with over 9 years’ experience in journalism and 5 years experience in the hospitality sector. Her passion for the performance arts and writing, started early. At 10 years old she was praised for her solo performance of the Beatles song “All My Love” accompanied by a guitarist, and was approached by a French talent scout during her school play. However, her love for writing was stronger. Fresh out of school, she became a freelance journalist for Noun Magazine and was awarded the Silver Award Cup for Outstanding Poetry, by The International Library of Poetry (Washington DC). She studied Business Management and earned a Masters degree from Saint Joseph University (USJ), her thesis was published in the Proche-Orient, Études en Management book. She then pursued a career in the hospitality industry but didn’t give up writing, that is why she launched the Four Points by Sheraton Le Verdun Newsletter. Her love for the industry and journalism led her to Hospitality Services - the organizers of the HORECA trade show in Lebanon, Saudi Arabia, Kuwait and Jordan, as well as Salon Du Chocolat, Beirut Cooking Festival, Whisky Live and other regional shows. She is currently the Publications Executive of Hospitality News Middle East, Taste & Flavors and Lebanon Traveler. It is with ultimate devotion for her magazines that she demonstrates her hospitality savoir-faire.