Pacha

The Pacha Foundation was established as a private nonprofit organisation in late 2018 with the goal of consolidating and formalising the social welfare efforts initiated by the Pacha Group.

Following the acquisition of the Pacha Group by FIVE Holdings in 2023, Kabir Mulchandani, Chairman and Chief Executive of FIVE Holdings, took on the role of President of the Pacha Foundation, guiding its initiatives and impact.

In October 2023, Dubai-based FIVE Holdings acquired The Pacha Group for €302.5 million through a Green Bond and Revolving Credit Facility. The acquisition included various assets such as the Pacha Ibiza Nightclub, Destino Five Hotel, Pacha Hotel, The Pacha Collection, Toy Room, WooMoon and Storytellers. Additionally, the acquisition encompassed registered trademarks, including the global rights to the brand name "Pacha" and its logo design featuring two cherries.

Chairman and Chief Executive of FIVE Holdings, Kabir Mulchandani, assumed the role of Chairman of The Pacha Group. Aloki Batra, CEO of FIVE Hospitality, took on the additional role of CEO of The Pacha Group.

In March 2024, FIVE Hotels and Resorts launched Playa Pacha, at its beachfront resort, FIVE LUXE, located in Jumeirah Beach Residence (JBR), Dubai.