The news are official, FIVE Holdings now owns Pacha Group, famous for their Ibiza flagship club and two hotel island properties on its books. FIVE Holdings, the internationally-prestigious hospitality and real estate conglomerate from Dubai, has bought Pacha Group for $330 million. According to Billboard, FIVE Hospitality and The Pacha Group CEO Aloki Batra said that the sale had its beginnings at “an event in Mykonos two and a half years ago. Details of the sale include the acquisition of the Toy Room Club, which has multiple locations in Europe, India and the Middle East, and WooMoon and Storytellers, two exciting…
