Kabir Mulchandani

Under the vision and leadership of chairman and chief executive Kabir Mulchandani, FIVE Holdings has evolved from a dynamic Dubai-born brand into a global force at the intersection of luxury hospitality, entertainment, and sustainable innovation. Today, with Dhs13bn in total assets, more than 1,700 keys, and a team of over 3,000 employees, the group stands as one of the world’s most influential experiential hospitality players.

At the heart of this growth lies FIVE Hotels and Resorts, FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE LUXE JBR, and FIVE Zurich, each a high-energy social sanctuary defined by performance, music, design, and world-class hospitality.

This foundation set the stage for the Group’s bold 2023 acquisition of The Pacha Group for €303m, a landmark moment that united two of the world’s most iconic entertainment brands. The addition of Pacha Ibiza, Destino Five Ibiza, Pacha Hotel, ToyRoom, WooMoon Storytellers, and the global trademarks strengthened FIVE’s foothold in Europe while preserving Pacha’s free-spirited cultural legacy for a new generation.

The results have been transformative. By Q3 2025, FIVE Holdings reported quarterly revenues of $166.8m and EBITDA of $42.3m. Hospitality, the group’s strongest vertical, delivered, $159.1m in Q3 revenue (+15 per cent YoY), contributing to a record-breaking nine-months with $395.9m in total revenue (+20 per cent YoY) and EBITDA of $139.9m (+18 per cent YoY).

Dubai hotels alone generated $238.9m revenue in nine-months period ending 30th September (+18 per cent YoY), while Pacha Group delivered €118.8m (+16 per cent YoY) and EBITDA of €40.5m.

This unprecedented momentum enabled FIVE Holdings to secure a $460m revolving credit facility from leading financial institutions, empowering the group to invest over $500m in further expansion across Europe, the United States, Asia, and the UAE.

Mulchandani’s strategic blueprint is anchored by a pioneering “Global Sustainable Entertainment Ecosystem”, a vertically integrated model where hotels, nightlife, music, real estate, fashion, and digital innovation operate as a single creative and commercial engine.

This framework combines cultural relevance with environmental responsibility: proving that sustainability and profitability strengthen one another.

FIVE became the first hotel group in the UAE to run entirely on renewable electricity in 2022, a milestone now extended to Zurich, and Spain.
With more than 1,500 LEED Platinum-certified keys and industry-leading projects like SENSORIA and Destino Five Ibiza, the Group continues to push the boundaries of regenerative luxury.

Recognitions such as an ‘A’ ESG Rating from ISS, Forbes listings, and Gold Tier DST awards further underscore its global leadership.

Under Mulchandani’s stewardship, FIVE Holdings is not just shaping the future of experiential hospitality, it is setting the global standard for sustainable, culture-defining luxury.