Pacha Group Acquired By FIVE: CEO Aloki Batra Reveals Plans For Ibiza Clubbing Institution Amid $330M Deal ...Middle East

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Pacha Group Acquired By FIVE: CEO Aloki Batra Reveals Plans For Ibiza Clubbing Institution Amid $330M Deal
One of Ibiza’s most fabled clubbing institutions is under new ownership. As was rumored this past summer, Pacha Group — which includes the Ibiza flagship club, two hotel island hotel properties and clubs in Barcelona and Munich — has been acquired by FIVE Holdings, the Dubai-based hospitality and real estate group. FIVE encompasses a namesake hotel brand with two locations in Dubai and a property in Zurich, with a third Dubai property currently under construction. FIVE Hospitality and The Pacha Group CEO Aloki Batra tells Billboard that FIVE’s acquisition of The Pacha Group is worth approximately $330 million,

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