Pride Holdings Group (OTC: PHSE), an emerging publicly traded leader in LGBTQ+ hospitality and entertainment, has announced the acquisition of Stonewall Bali, one of Southeast Asia’s premier LGBTQ+ destinations. This strategic expansion into Bali, Indonesia, marks a significant milestone in the company’s growth across the Asia-Pacific region and aligns with its long-term vision to establish itself as the global leader in LGBTQ+ hospitality, nightlife, and lifestyle assets.
Stonewall Bali, located in Badung, Bali, will maintain its tradition as an inclusive venue for dining, wine, spirits, and shows. The popular destination will continue to be locally managed by former owner Chris Bailey, who has also joined Pride Holdings Group as the new director of strategic impact and expansion under the company’s Australia and Southeast Asia division.
“We are proud to add Stonewall Bali to the Pride Holdings Group diverse portfolio, which includes properties in Europe, the United States, and now Southeast Asia. Bali is one of the world's most visited and desired tourist locations, so we are excited to embrace and cultivate this market as we expand our worldwide presence,” said Mike Barrett, CEO of Pride Holdings Group.
Bali, known for its diverse landscapes, rich cultural heritage, and stunning beaches, welcomes millions of international visitors annually, with significant tourism from Australia and Europe. This acquisition fulfills Pride Holdings Group’s vision to continue acquiring properties in this global region to further develop its position in the LGBTQ+ travel and hospitality market. Craig Bell, director of Australia and Southeast Asia for Pride Holdings Group, stated, “As we expand in Australia and Asia, the ownership of Stonewall Bali is a key factor as part of our strategic growth plan.”
Pride Holdings Group, formerly Parliament House Enterprises Inc., is the premier LGBTQ+ hospitality and entertainment company with a growing roster of well-known destinations worldwide. By acquiring well-known properties, launching tech-enabled membership platforms, and creating new revenue channels through agency services, Pride Holdings Group is setting the global standard for inclusive hospitality while delivering sustainable growth to shareholders. For more information, view the original release on NewMediaWire.
