Dubai party hotel FIVE considers listing in London or New York, Reuters says

Dubai party hotel operator FIVE Holdings is considering listing in London or New York, three people with knowledge of the matter said, Reuters’ Hadeel Al Sayegh and Federico Maccioni report. The company, which owns the Pacha hotel and nightclub, has been exploring an initial public offering in Dubai, it has said. Chairman and founder Kabir Mulchandani said last year the company was worth up to $3B and was considering a dual listing. He did not name possible locations, the authors note. Publicly traded companies in the space include Marriott (MAR), Hilton (HLT), Hyatt (H), Choice Hotels International (CHH), International Hotels (IHG), Wyndham Hotels (WH), Sunstone Hotel (SHO), MGM Resorts (MGM), and Host Hotels (HST).